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At a Glance: Key points from Labour's monetary policy

Tuesday 29 Apr 2014 8:56 a.m.

Labour leader David Cunliffe (Simon Wong/3 News)

Labour leader David Cunliffe (Simon Wong/3 News)

What Labour wants to do with the reserve bank:

  • The Reserve Bank would be allowed to change the KiwiSaver rate to control inflation instead of solely raising interest rates
  • KiwiSaver, as previously announced, would be universal
  • The Reserve Bank's objective would be broadened beyond inflation and price stability so it could help achieve economic growth and job creation
  • It would be allowed to use existing tools differently so that it could help exporters and home owners
  • The Reserve Bank would continue to be independent.
  • A capital gains tax would be introduced, as previously announced.

NZN

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