Fran O'Sullivan writes in the Herald on Sunday a more detailed analysis of Bollard's recent speech. Fran suggests that Bollard's concern is no longer inflation - which he thinks he has licked. Instead he is worried about maintaining the confidence of overseas investors who we need to keep supporting New Zealand.
Fran has mentioned this in her piece, but we are surprised other media commentators have not made more of Bollard's warning on the negative impact of the Government's proposed emissions trading regime - which he sees potentially adding 0.5% to inflation. He sees this as a potential cause of shock to the economy.
