RBNZ’s Bollard to Quit in September With Record-Low Rates
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New Zealand central bank Governor Alan Bollard will quit in September, ending a decade-long tenure in which he raised interest rates to a record high before cutting them last year to the their lowest ever.
Bollard won’t seek another five years when his current term ends Sept. 25, the Reserve Bank of New Zealand said in an e-mailed statement today. The Wellington-based central bank said it will search in New Zealand and abroad for a successor.