Winston Peters appointed as a deputy PM and foreign minister

Winston Peters, leader of New Zealand's First Party, was appointed on Wednesday as a Deputy Prime Minister and Minister of Foreign Affairs. Peters had chosen to join Labor to form a coalition after the September 23 elections, which didn't produce an absolute majority for Labor or the National Party.
Peters and Labor leader Jacinda Ardern, the current prime minister, found common ground in politics, both looking to curb immigration, renegotiate trade agreements and adjust the role of the central bank. While Peters was expected to be a deputy prime minister, his appointment as a foreign minister was unexpected.
Grant Robertson, Labor's spokesman, will become a finance minister in the next government, putting him at the center of monetary policy reform plans. Robertson may appoint a new governor for the Reserve Bank of New Zealand.
The Labor-led government plans to reform the New Zealand Reserve Bank's act to include employment alongside inflation as a dual objective. Instead of focusing only on inflation, the Labor Party wants the RBNZ to have the goal of achieving full levels of employment when developing policies.