Bollard retiring

Reserve Bank governor Alan Bollard won’t be seeking to renew his term when it ends in September.

The Chair of the Reserve Bank Board, Dr Arthur Grimes, said the Board will search in New Zealand and abroad to identify a successor to Dr Bollard.  The Governor is appointed by the Minister of Finance on the recommendation of the Board. 

The importation of people for key positions doesn’t usually generate the same angst as the importation of money to buy land.