The purchases under the expanded asset purchase programme are intended to be carried out until end-September 2016, and in any case until the Governing Council sees a sustained adjustment in the path of inflation which is consistent with its aim of achieving inflation rates below, but close to, 2% over the medium term.
Alan Bollard: Economic impacts of seismic risk – lessons for Wellington Speech by Dr Alan Bollard, Governor of the Reserve Bank of New Zealand, and Mr Satish Ranchhod, to the Rotary Club of Wellington and Victoria University of Wellington one day conference “Organisational Effectiveness in Times of Seismic Risk”, Wellington, 18 October 2011.