New Zealand Reserve Bank Chairman Orr: There is a strong consensus that interest rates are (high) enough.

New Zealand Federal Reserve Chairman Orr: But it is definitely not an interest rate cut.

New Zealand Federal Reserve Chairman Orr: We did discuss raising interest rates.

Shimizu, Executive Director of the Bank of Japan: Service prices are gradually rising.

Bank of Japan Executive Director Shimizu: (When asked about Tuesday’s Japanese CPI data) The likelihood of achieving the inflation target is still not high enough.

New Zealand Federal Reserve Chairman Orr: Interest rates may need to be maintained at a level higher than market expectations.

New Zealand Federal Reserve Chairman Orr: Now demand and production capacity are more matched.

According to the Associated Press: Biden wins Michigan Democratic primary.

Hang Seng Index futures opened down 0.08% at night, at 16,800 points, with a premium of 8 points.

The Australian dollar rose 0.6% against the New Zealand dollar, its biggest gain in two months, after the Reserve Bank of New Zealand stayed on hold.

RBNZ: Continued restrictive monetary policy settings are necessary to guard against the risk of rising inflation expectations.

The Reserve Bank of New Zealand: The annual inflation rate in the fourth quarter of 2024 is expected to be 2.5%.

New Zealand Federal Reserve: GDP growth is expected to be 0.5% in the third quarter of 2024.

The Reserve Bank of New Zealand: GDP growth is expected to be 0.5% in the fourth quarter of 2024.

RBNZ: The official cash rate (OCR) will remain at restricted levels for some time.

The Reserve Bank of New Zealand predicts that the cash rate will peak at 5.60%, slightly lower than the previous 5.69%.

RBNZ: Sustained capacity reduction is needed to achieve inflation target.

Federal Reserve Bank of New Zealand: High CPI limits the ability to tolerate surprises.