National, ACT NZ, NZ First sign agreement to form government
Govt will return central bank to single inflationtarget mandate
Govt plans wind back use of Indigenous language, affirmative action

WELLINGTON, Nov 24 Reuters New Zealand39;s National Party sealed agreement on a new threeparty coalition government on Friday, after drawnout negotiations over ministerial roles and policies including Indigenous rights, tax cuts and changes at the central bank.

The centreright Nationals, led by incoming Prime Minister Christopher Luxon, return to power alongside the populist New Zealand First party and libertarian ACT New Zealand after six years of rule by governments led by the leftleaning Labour Party.

We believe in this country, we are ambitious for it and we know that with the right leadership, the right policies, and the right direction, together we New Zealanders can make this an even better country, Luxon said in a speech ahead of the formal signing of the agreement at parliament.

The coaliation agreement outlines plans to roll back the use of Maori language, review affirmative action policies and assess how the country39;s founding treaty document is interpreted in legislation. However, a controversial proposal to have a referendum on the interpretation of the document, the Treaty of Waitangi, will not happen.

New Zealand39;s outgoing Labour Prime Minister Chris Hipkins said the changes in policy were going to turn back progress on Maori issues.

This is certainly…