Hugh Fletcher appointed to NZ Reserve Bank board

NEW ZEALAND - Hugh Fletcher, the former head of Fletcher Challenge, has been appointed as a non-executive director of the Reserve Bank and Rod Carr has been confirmed as acting governor for up to six months, the New Zealand government announced today.

Finance Minister Michael Cullen said Mr Fletcher's "considerable business experience would be an asset to the board".

Mr Fletcher was a critic of former bank governor Don Brash's tight approach to monetary policy.

Dr Brash shocked politicians

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