New Zealand Federal Reserve Chairman Orr: The surge in immigration has eased the pressure on production capacity.

New Zealand Federal Reserve Chairman Orr: This indicates that a restrictive monetary policy will be maintained for a period of time.

New Zealand Federal Reserve Chairman Orr: The outlook for the official cash rate (OCR) depends on the trend of core inflation.

New Zealand Federal Reserve Chairman Orr: I hope to see deposit rates continue to rise.

New Zealand Federal Reserve Chairman Orr: The outlook for fiscal spending has a tightening effect on demand.

New Zealand Federal Reserve Chairman Orr: Today is the first time the Monetary Policy Committee has voted.

New Zealand Federal Reserve Chairman Orr: After a "long struggle", the latest data are satisfactory.

Japanese Prime Minister Fumio Kishida: Japan has no plans to join NATO as a full or semi-full member.

Market news: South Korea announced measures to mitigate project financing risks.

Japanese Prime Minister Fumio Kishida: It has not yet been decided whether to establish a NATO office in Japan.

Traders: The Asia ex-Japan Markit Credit Default Swaps (CDS) Index rose about 1.75 basis points.

Traders: Asian senior dollar bond spreads widened by at least 2 basis points.

New Zealand two-year interest rate swaps fell 26 basis points to 5.235% after the RBNZ announced its rate decision.

RBNZ: Budget 2023 expected to increase demand in 2023/24.

RBNZ: Rising mortgage rates could limit spending.

RBNZ: The policy lag means the full effects of rate hikes will take some time to emerge.

RBNZ: Businesses report slowing demand for goods and services.

The RBNZ agreed on the need to maintain restrictive policy.