News

Breman, chairman of the Reserve Bank of New Zealand: If oil prices continue to fall, our inflation forecast will be on the high side.

New Zealand Fed Chairman Breman: The committee discussed the possibility of raising interest rates relatively early, such as at today's meeting.

New Zealand Reserve Bank President Breiman: The full economic outlook will be shared in May.

Breman, chairman of the Reserve Bank of New Zealand: Idle capacity will continue to exist for a period of time.

Breiman, chairman of the Federal Reserve Bank of New Zealand: CPI is expected to be 4.2% in the second quarter, but there is great uncertainty in the forecast.

IATA CEO: I expect crude oil prices to fall, but jet fuel prices to remain slightly above normal due to refinery impacts.

Israeli Prime Minister's Office: Israel supports U.S. efforts to deal with Iran's nuclear, missile and terrorist threats.

Breman, chairman of the Reserve Bank of New Zealand, will hold a monetary policy press conference in ten minutes.

Australian Prime Minister Albanese: Trump's threats to the Iranian people are inappropriate. It's not appropriate for the President of the United States to use this kind of language, and I think it raises some concerns.

According to Iran's Tasnim News Agency: Iran's armed forces said they will continue to monitor all maritime traffic in the Strait of Hormuz during the two-week ceasefire with the United States.

Japanese Chief Cabinet Secretary Minoru Kihara: Japan welcomes the US-Iran ceasefire agreement and will continue to carry out diplomatic efforts, including promoting the safe reopening of the Strait of Hormuz.

U.S. Republican Senator Graham: If diplomacy can achieve the "right result" against the Iranian regime, I would also prefer "diplomatic approaches."

U.S. Republican Senator Graham: We must remember that the Strait of Hormuz was attacked by Iran after the war began, destroying freedom of navigation. Going forward, it is critical that Iran is not rewarded for such hostile behavior against the world.

U.S. Republican Senator Graham: I want to reiterate that from my point of view, every ounce of the approximately 900 pounds of highly enriched uranium that Iran possesses must be controlled by the United States and removed from Iran to prevent them from possessing dirty bombs in the future or returning to their old uranium enrichment industry.

RBNZ: In the near term, the Board expects higher fuel prices to pass through to higher transport and food prices.

RBNZ: However, any significant second-round inflation effects or signs of rising medium-term inflation expectations will require a decisive and timely increase in the official cash rate to re-anchor inflation expectations.

Reserve Bank of New Zealand: Some members emphasized the reasons for adopting monetary policy responses as early as possible, pointing out that further data and analysis will help to more clearly judge medium-term inflationary pressures.

RBNZ: The Board will continue to assess countervailing forces in the inflation outlook and stands ready to take decisive action to ensure that inflation reaches 2% over the medium term.

The Reserve Bank of New Zealand: The Board's decision to keep the official cash rate unchanged balances the potential benefits of getting ahead of the risk of higher medium-term inflation with the costs of unnecessarily stifling the economic recovery.

According to the Wall Street Journal: Ford is asking U.S. President Trump’s administration for assistance as tariffs hit the F-150 pickup truck. President Trump's administration has so far rebuffed requests from Ford Motor Co. and other U.S. automakers to be exempt from aluminum tariffs