The governor of the Reserve Bank of New Zealand Alan Bollard is presiding over one of the world's he...
The governor of the Reserve Bank of New Zealand Alan Bollard is presiding over one of the world's healthiest economies. It is about to enjoy its 10th consecutive budget surplus, growth is stable and Bollard has plenty of room to cut interest rates if things get rough. It is an enviable position in which to be. Even as risks including war, deflation, terrorist threats and Sars challenge policymakers as rarely before, Bollard is not panicking. Investors are noticing, not least George Soros. The billionaire hedge fund manager told CNBC he is betting the US dollar will fall versus the...
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