New Zealand government formed, Foreign and Finance Ministers announced
<p><br></p><p>
<title></title>
<style type="text/css">
@page { size: 21cm 29.7cm; margin: 2cm }
p { line-height: 115%; margin-bottom: 0.25cm; background: transparent }
</style>
</p><p>
New Zealand National, NZ First and ACT parties sign a coalition
agreement to form government (<a href="https://www.forexlive.com/news/new-zealand-incoming-pm-luxon-says-agreement-reached-to-form-government-20231123/" target="_blank" rel="follow">as expected</a>) </p>
<ul><li>Winston Peters
appointed as New Zealand Deputy Prime Minister for half of the
three-year parliamentary term; David Seymour will be Dep PM for the
second half</li><li>Winston Peters
appointed as New Zealand Foreign Minister</li><li>Nicola Willis to be
appointed NZ Finance Minister</li></ul><p>I <a href="https://www.forexlive.com/centralbank/new-zealands-main-opposition-party-wants-to-quickly-remove-the-rbnzs-dual-mandate-20230831/" target="_blank" rel="follow">posted earlier</a> on Willis' views on the Reserve Bank of New Zealand:</p><ul><li>Willis spoke in an interview with Bloomberg TV and said that if her party won power it'd quickly remove the employment mandate from the Reserve Bank of New Zealand, leaving only the inflation mandate.</li></ul><p>ADDED – Incoming PM Luxon confirms that change will be made to the RBNZ remit – focus of monetary policy will be on price stability. </p><ul><li>also will repeal ban on offshore oil and gas </li></ul><p>NZD/USD is a chopping about on the political news but overall not a lot changed:</p><p><br></p>
<p><br></p><figure data-media-><img src="https://images.forexlive.com/images/nzdusd%20political%20news%2024%20November%202023_id_a5615238-6f89-4b30-80bf-1b79612ee05b_size900.jpg" alt="nzdusd political news 24 November 2023" width="1067" height="735" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/nzdusd%20political%20news%2024%20November%202023_id_a5615238-6f89-4b30-80bf-1b79612ee05b_size900.jpg" /></figure><p><br></p>
This article was written by Eamonn Sheridan at www.forexlive.com.
Leave a Comment