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22 August 2002

Brash Welcomes New Reserve Bank Governor

"I wish Alan Bollard all the best in his new role as Reserve Bank Governor," says National's Finance spokesman Don Brash.

Dr Brash, commenting on the appointment today, says Dr Bollard is an experienced and competent economist who will handle the role well.

"I - along with many others in the financial community - will be watching with interest what the final outcome of the negotiations over the new Policy Targets Agreement are.

"National is adamant that any relaxation in the inflationary band will only be a cosmetic change and do nothing to address the long-term growth prospects of New Zealand's economy," Dr Brash added.

Ends

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