BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks 
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
Kevin Warsh Faces Early Fed Test as Inflation Risks Challenge Rate-Cut Expectations 
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
As expected, the Reserve Bank of New Zealand (RBNZ) lowered interest rates by 50 bpbs to 4.75%. The RBNZ said that it is appropriate to cut the rate by 50 bpbs to achieve and maintain low and stable inflation. The inflation is maintained with its target range 1-3% and converging on the 2 percent midpoint.
Business investment and consumer spending have been weak, and employment conditions continue to soften
Global economic growth remains below its long-run trend and is expected to remain so for the year ahead. Economic growth in the United States and China is expected to slow.
Members agreed that increasing excess capacity leads to lower inflationary pressure in the New Zealand economy. Economic growth is partly weak because of low productivity growth, but mostly due to weak consumer spending and business investment.
Major resistance- 0.6205
Near-term resistance - 0.6150
Minor support- 0.6050,0.6000
Trend reversal level- 0.6620
