Wellington | New Zealand’s National Party will form a centre-right government with two smaller partners for the first time in the country’s history, after finally reaching agreement on cabinet positions and policies that include changing the central bank’s mandate.
National will lead a three-way coalition with the libertarian ACT Party and the nationalist New Zealand First Party, the group announced in a statement on Friday. Cutting government spending, proceeding with tax cuts and returning the Reserve Bank to a sole focus on price stability will be key planks of the new government.
