Exit Dr Bollard; enter whom?

Dr Bollard, an affable chap who is, contrary to many views, not truly economically orthodox, is for off. So he must be replaced. The debate has already started about the need to use the change in leadership as a way of moving away from the narrow inflation targets that have dogged the RB Governor for years. Dr Brash has already come out swinging against such backsliding. I'm not hopeful about a shift in orientation. The names emerging as a possible replacement are orthodox and eminently safe. Dr Brash has given them his imprimatur, which tells us much. He's even warning against an appointment from overseas (a pre-emptive strike, clearly, and rather at odds with his theological commitment to open global markets). We'll see.