New Zealand’s newly elected Prime Minister Christopher Luxon, from the centre-right National Party, has announced a 49-point action plan for the government’s first 100 days. The plan includes introducing legislation to reform the Reserve Bank of New Zealand’s mandate and lifting a ban on the sale of cigarettes to future generations.
Luxon emphasized that the focus of the action plan is on the economy, addressing the cost of living, and restoring law and order. One significant change proposed is amending the central bank’s governing legislation to shift the monetary policy focus solely on price stability, moving away from the current dual mandate targeting low inflation and full employment.
Additionally, the government aims to repeal amendments to the Smokefree Environments and Regulated Products Act 1990, which includes a unique ban on the sale of cigarettes to future generations. This move suggests a shift in regulatory policies in the country under the new leadership. The National Party returned to power alongside the New Zealand First party and ACT New Zealand after six years of left-leaning Labour Party rule.
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