-press release
Tuesday 29th May 2007 |
Text too small? |
Bollard's term as Governor has been extended a further five years, expiring in September 2012.
"Alan has demonstrated his integrity and outstanding general management skills in performing his duties as Governor over the past five years so I am pleased to accept the Reserve Bank Board's recommendation to reappoint him for another five year term," said Cullen
The Minister and the Governor agreed that the current PTA continues to ensure transparency and provides an appropriate basis for accountability in the conduct of monetary policy.
"As Minister of Finance my priority is to maintain a disciplined fiscal policy approach to help the Governor achieve the inflation outcomes in the PTA."
Bollard said he was pleased to accept another term as Governor of the Reserve Bank.
Cullen and Bollard added that if their understanding of the
appropriate targets and mechanisms changed for the operation of monetary policy, which could arise from the select committee inquiry into monetary policy, then Cullen and Bollard could agree to amend the Policy Targets Agreement at that time.
No comments yet
PaySauce Quarterly Market Update - September 2024
October 2nd Morning Report
Rua Releases Annual Report for Year Ended 30 June 2024
SCL - Settlement of orchard sales
The Warehouse Group 2024 ASM and Director Nominations
AIR - Update on Chief Operational Integrity and Safety Officer
Comvita Limited - Annual Report 2024
September 27th Morning Report
Spark announces departure of Finance Director
FBU - Retail Entitlement Offer Opens