New New Zealand PM Jacinda Ardern:

  • Committed to fiscal responsibility
  • You will see significant increase in minimum wage
  • To review, reform RBNZ Act
  • Says has an agreement banning purchase of existing homes by foreign buyers
  • To introduce royalty on bottled water exports

Headlines via Bloomberg & Reuters - Ardern speaking as she officially signs coalition agreement with NZ First. Winston peters scores Deputy PM position. the sly dog.

The 'reform, review' RBNZ ACT - relates to intentions to introduce an employment mandate (main change).

Don't panic.

On the "has an agreement banning purchase of existing homes by foreign buyers" ... that should weigh on the NZD somewhat.

On the "To introduce royalty on bottled water exports" - drink beer.

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"New New Zealand PM" ... I'm gonna be using that for a while :-D