China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Trump Questions Housing Bill as He Prioritizes SAVE America Act 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
New Zealand Cuts Cash Rate to 4.75% to Control Inflation
On Wednesday, the Reserve Bank of New Zealand (RBNZ) lowered its official cash rate (OCR) by 50 basis points to 4.75%. This decision aligns with market expectations, as 17 out of 28 economists surveyed by Reuters predicted this half-percentage-point cut.
Targeting Inflation Stability
The RBNZ aims to maintain inflation within its target range of 1% to 3%. The central bank emphasized that cutting the OCR would help stabilize inflation, employment, and exchange rates while avoiding unnecessary economic disruptions.
Second Consecutive Cut
This rate cut marks the second consecutive reduction by the RBNZ, reflecting ongoing efforts to manage inflation. The central bank is committed to balancing its monetary policy to support overall economic stability.
