Articles tagged Finance and Expenditure Select Committee

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The Reserve Bank faced questions from a Government MP today about why it couldn't cut interest rates to drive unemployment even lower. It argued in response further rate cuts could inflate the housing market again and it preferred interest rate stability to taking a risk that inflation could reappear.

Finance Minister Bill English has dismissed the idea of bringing in a turnover tax aimed at global digital companies doing business in New Zealand, claiming New Zealanders shopping online were having a bigger impact on the tax base.