Bollard to leave Reserve Bank of New Zealand

Alan Bollard-governor of the Reserve Bank of New Zealand

The governor of the Reserve Bank of New Zealand, Alan Bollard, on January 30 announced he will not be seeking another term as governor when his current one ends on September 25 this year.

Bollard is in the final months of his second five-year term, having first been appointed to head the central bank in September 2002.

Bollard said that he will be "fully focused" on the serious economic and financial challenges facing New Zealand during his remaining eight months as chief.

"As I noted last week,

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