27 Apr 2009

Two new directors appointed to board of Reserve Bank

5:39 am on 27 April 2009

The Government has appointed two new directors to the Reserve Bank's board, to replace two outgoing directors.

They are Christchurch consultant and professional director Sue Sheldon, who will begin on 1 May and Wellington consultant and professional director Keith Taylor, who will begin on 1 July.

The board's main role is to review the performance of the governor and the bank, including whether monetary policy is meeting the Government's policy targets.