Moreover, for the first time since Ardern came tom power, more women supported National (34%) than Labour (33%) in September. New Zealand is one nation that is even more property obsessed than Australia and has an even higher share of wealth tied up in housing. There is also growing concern that New Zealand will follow other nations into recession next year on the back of aggressive interest rate tightening by the Reserve Bank. The monetary actions of the Reserve Bank are now a key determinant of Jacinda Ardern’s reelection prospects. If the Reserve Bank continues to tighten, then Ardern faces electoral annihilation.

Source: Stuff October 07, 2022 21:34 UTC