RBNZ's Bollard gets second term

New Zealand's finance minister, Michael Cullen, reappointed Alan Bollard for a second five-year term, the Reserve Bank announced.

Dr Bollard took over from Don Brash in 2002 and can now look forward to a second term that should run to September 2012. He and Dr Cullen also signed an unchanged Policy Targets Agreement (PTA).

"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 R