Bank of Japan Governor Kazuo Ueda: The stance of pursuing a sustainable and stable inflation target of 2% remains unchanged.

Bank of Japan Governor Kazuo Ueda: The impact of policy changes will take time to manifest.

Bank of Japan Governor Kazuo Ueda: Downside risks to inflation have been reduced.

Bank of Japan Governor Kazuo Ueda: Climate change is a very serious problem.

Bank of Japan Governor Kazuo Ueda: Policy will not be affected by government debt repayment costs.

Analyst Michael Wilson: The rise in the New Zealand dollar against the US dollar NZD/USD is likely to be short-lived, as there are news that some remaining leveraged longs are happy to cash out at the high of 0.6077 before the release of US CPI data later today. Currently, the New Zealand dollar against the US dollar NZD/USD is stable around 0.6060.

Bank of Japan Governor Kazuo Ueda: Never felt pressure to guarantee government debt. Will not adopt policies beyond price targets.

Bank of Japan Governor Kazuo Ueda: It is crucial for the government to maintain market confidence in its finances.

The New Zealand dollar/U.S. dollar NZD/USD briefly hit a three-week high and is now trading at 0.6066.

Reserve Bank of New Zealand: There are upside risks to CPI in the March quarter.

Reserve Bank of New Zealand: Continued implementation of tight monetary policy in an environment of weak global growth could lead to inflation falling faster than expected.

Reserve Bank of New Zealand: Members agreed that there are still risks to the persistence of services inflation and commodity price inflation remains high.

Reserve Bank of New Zealand: Members agreed that, with inflation remaining outside the target range and inflation expectations and pricing intentions remaining high, tolerance for increasing the time to achieve the inflation target remained limited.

Reserve Bank of New Zealand: Members agreed that the balance of risks has changed little since February.

Reserve Bank of New Zealand: Net immigration continues to grow, supporting increases in overall consumer spending and housing costs.

Reserve Bank of New Zealand: Business pricing intentions have declined recently, but remain high, partly reflecting higher realization and expected costs.

Reserve Bank of New Zealand: Business confidence index fell and business expectations for activity and investment also weakened.

Reserve Bank of New Zealand: Members agreed that they remain confident that monetary policy is restraining demand.