Reserve Bank of New Zealand News Release
The Board of the Reserve Bank today met to initiate procedures by which a new Governor will be appointed.
The chairman of the Non-Executive Directors Committee of the Board, Mr Bill Wilson said: "Under section 40 of the Act, a Governor is appointed `by the Minister (the Treasurer) on the recommendation of the Board'. The Board has today initiated the process by which it will prepare its recommendation to the Treasurer.
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