The PM has called a surprise press conference. According to Vernon Small at Stuff:
Prime Minister John Key has called a surprise press conference at Parliament at 12.45pm today at which he is expected to call an election.
Our political staff believe he will name November 26 as the date the country will go to the polls. …
Mr Key is also expected to make a further major announcement following those discussions.
Earlier Government sources dismissed suggestions he was poised to reveal a significant economic development.
I’ll be pleased and impressed if Key does announce the election date. But what could the “further major announcement” be? (Thanks to ianmac in comments — r0b).
Update: Election date November 26 confirmed.