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International Business Times

Business

Ryland JAMES

Luxon Sworn In As New Prime Minister Of New Zealand

Christopher Luxon New Zealand Jacinda Ardern Inflation Interest Rates Act Labour Party National New Zealand First

Christopher Luxon (L) looks on as Governor General Dame Cindy Kiro signs documents which formally made him Prime Minister of New Zealand on Monday (Credit: AFP)

Former airline boss Christopher Luxon formally took office as New Zealand's prime minister Monday, vowing to tame inflation and bring down interest rates.

Luxon took over six weeks after his conservative National Party won national elections, ending a six-year Labour Party reign ushered in by Jacinda Ardern.

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