Opponents of dual mandate win New Zealand elections

National Party promises to abolish RBNZ commitment to ‘maximum sustainable employment’

Photo: Rachael King

New Zealand’s election on October 14 produced a victory for the National party, which has pledged to abolish the central bank’s employment mandate.

Provisional results make it all but certain the Nationals will form the next government, defeating the incumbent Labour party, which has been in power since October 2017. It is still unclear how many coalition partners the party will need.

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