Reserve Bank of New Zealand News Release

NEWS RELEASE - The Secretary to the Treasury, Dr Alan Bollard, is to be appointed the next Reserve Bank Governor, Finance Minister Michael Cullen announced today, 22 Aug.

Dr Bollard was nominated by the non-executive directors of the Reserve Bank Board and the nomination has been accepted by the government.

"Although I am obviously very pleased that the Board has chosen someone of such high ability, it was with mixed feelings that I accepted their recommendation because it means I will lose Dr