Wednesday, 14th October, 2020

The NZ general election is now fast approaching, taking place this Saturday (17th October), but the polls are already open. New Zealanders have been encouraged to vote early this year to avoid large queues and are reportedly casting advance votes in record numbers. Polls suggest a centre-left government will be returned, although nothing is certain in politics. In terms of market reaction, its more about getting a clear result rather than who specifically wins – a clear election mandate would provide more surety to markets and the economy, whereas an inconclusive result could see a period of pronounced volatility. Between the two major parties, there are only modest differences in terms of policy - with starker differences between potential support parties (Greens and Act). Both major parties have demonstrated the ability and commitment to be competent fiscal managers. Read the full article Here