Scepticism about the Reserve Bank's plan to add muscle so it can intervene in the currency market. 

It's buying and borrowing more foreign currency assets to protect the economy from a big shock. 

Former Westpac Treasurer Jim Reardon says it's an idea that sounds good in theory but would have very little value. 

He told Mike Hosking that he's not sure the bank has enough resources to affect the market enough.  

Reardon says history has shown the market will correct itself.

LISTEN ABOVE

Scepticism about the Reserve Bank's plan to add muscle so it can intervene in the currency market.  
It's buying and borrowing more foreign currency assets to protect the economy from a big shock.  
Former Westpac Treasurer Jim Reardon says it's an idea that sounds good in theory but would have very little value.  
He told Mike Hosking that he's not sure the bank has enough resources to affect the market enough.   
Reardon says history has shown the market will correct itself. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...