Arthur Grimes appointed to NZ c bank board

NEW ZEALAND - New Zealand's Finance Minister Michael Cullen said Wednesday that Arthur Grimes, one of the country's leading monetary policy specialists, had been appointed as a non-executive director of the Reserve Bank for a term of five years.

Grimes will replace Viv Hall, whose term expired 28 February, the minister said in a statement.

Grimes is an independent economic consultant and a visiting lecturer at Victoria University in Wellington.

He has previously worked as chief economist at the

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