In February 2007 the Treasury and the Reserve Bank released a report to the Governor, Reserve Bank of New Zealand and Secretary to the Treasury by their officials on the option of a Mortgage Interest Levy (MIL).
The Treasury and Reserve Bank of New Zealand have released a report prepared by their officials that develops further the option of a Mortgage Interest Levy (MIL) canvassed originally in the Supplementary Stabilisation Instruments report released in April 2006.
Work on the MIL has now stopped.
The report has also been released on the Reserve Bank of New Zealand web site - see About Monetary Policy - Supplementary Stabilisation Instruments (SSI).
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