New Zealand’s central bank is pushing back after the finance minister asked it to do more to rein in rampant house prices, saying the government should be looking at changes to tax policy. “We will call on them to look at the full suite of whole-of-government instruments, and tax would be one,” Reserve Bank Governor Adrian Orr told Radio New Zealand on Thursday. “We will talk very openly about that.” With house prices surging in response to record-low interest rates, Finance Minister Grant Robertson this week wrote to Orr asking him to consider taking housing into account when setting monetary policy. Orr has framed ... (full story)