Wellington: New Zealand Prime Minister John Key unexpectedly announced his resignation on Monday, saying it was the “right time” to leave politics.
Key said he had no immediate future plans, but told reporters he would stay in parliament long enough to avoid a by-election for his seat.
Key cited family reasons for leaving, saying the job had required great sacrifices “from those who are dearest to me”.
Bill English is expected to take over as Prime Minister and Steven Joyce is expected to take on the finance role.
The National Party caucus will hold a meeting on December 12 to decide the new party leader and Prime Minister.