Alan Bollard has been reappointed Reserve Bank governor, Finance Minister Michael Cullen has announced.
Wednesday, May 30th 2007, 9:00AM
by The Landlord
He and the governor signed an unchanged Policy Targets Agreement (PTA).
Bollard’s term as governor has been extended a further five years, expiring in September 2012.
Cullen and Bollard say that if their understanding of the appropriate targets and mechanisms for the operation of monetary policy changed, which could arise from a select committee inquiry, then they could agree to amend the PTA at that time.
