Doubts the Reserve Bank will be able to have enough influence over the market, with its move to buy and borrow foreign currency
Doubts the Reserve Bank will be able to have enough influence over the market, with its move to buy and borrow foreign currency
17 November 2023
It's building up its war chest as extra insurance against an economic shock.
Former Westpac Treasurer Jim Reardon says historically the market has corrected itself.
He says New Zealand may not have the resources to compete with larger countries.
Reardon says if there's not the credibility bigger players will have more control of the market.
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