Alan Bollard
Alan Bollard
Alan Esmond Bollard CNZMis the Executive Director of Asia Pacific Economic CooperationSecretariat for the period of 2013-2015. He fully assumed the role on 1 January 2013, which was also the official commencement of Indonesian APEC year of 2013. He was previously the Governor of the Reserve Bank of New Zealand, having been appointed on 23 September 2002. He succeeded Donald Brash in this role...
assumed bring domestic earlier ease easing expect given inflation policy position pressures rapid reduction require slowing target time towards
Given the time it will take to bring inflation back towards the mid-point of the target band, we do not expect to be in a position to ease policy this year. Any earlier easing would require a more rapid reduction in domestic inflation pressures than the substantial slowing already assumed in our projections.
associated correction credit domestic exchange expect growth inflation lower pressures require
The correction of these imbalances and associated inflation pressures will require a slowdown in housing, credit growth and domestic spending, ... We also expect a significantly lower exchange rate.
activity cost inflation interest prepared pressures rates wage
There's inflation activity in the system, there's cost and wage pressures in the system, and we need to see that abate before we're prepared to see interest rates come off.
caviar cooked eating everybody lightly likes
Whitebait is New Zealand's caviar and is special. Everybody likes eating whitebait, especially lightly cooked in fritters.