Bollard backs inflation targeting as best in swansong appearance

Thu, 13 Sep 2012

By Paul McBeth Sept. 13 (BusinessDesk) - Reserve Bank governor Alan Bollard has thrown his support behind inflation as the primary target for the central bank's policy target agreement, and hosed down suggestions moving the official cash rate can have a lasting effect on the currency. Speaking at his last appearance before Parliament's finance and expenditure committee in Wellington after 10 years in the job, Bollard told politicians the legislation as it stands is "completely fit for purpose," and lets the central bank take things other th...

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