![Labour rift over capital gains tax](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Labour rift over capital gains tax
Labour's leadership contest has turned into a showdown on the party's capital gains tax policy, with Andrew Little and David Parker at loggerheads over its future.
Labour's leadership contest has turned into a showdown on the party's capital gains tax policy, with Andrew Little and David Parker at loggerheads over its future.
House values throughout New Zealand rose 1.1pc in the past three months, the slowest rise in two years, according to QV data out.
The NZ dollar fell below a key support level of 77 US cents, driven by optimism about the outlook for the world's largest economy.
The New Zealand economy has managed the ultimate "Houdini" act by avoiding the inflationary pressures that usually go along with strong growth, Westpac said.
A resurgent US dollar and more bearish talk from the Reserve Bank combined to drive the kiwi dollar 2pc lower in active trading this morning.
Economists and the financial markets see virtually no chance the Reserve Bank will lift the official cash rate from 3.5 per cent when it reviews it on Thursday.
Interest rates in New Zealand are likely to stay lower for longer, after today's unexpectedly low inflation numbers were released.
The Reserve Bank's introduction of limits to low-equity mortgage lending last year had "a dampening" impact on house price inflation, Graeme Wheeler said today.