Brash unimpressed with RBNZ's plans

Former RBNZ chief Don Brash said this week that while the high value of the New Zealand dollar was hurting the economy, any attempt to intervene would be fraught with risk.

Dr Brash's successor as Reserve Bank governor, Alan Bollard, last week surprised markets by announcing the bank would look to try and influence the value of the dollar through entering the foreign exchange market.

Dr Brash said that while he was governor there had been some work done on intervening in the market, but actual