New Zealand Federal Reserve Chairman Orr: We should see competition among banks on mortgage rates.

U.S. Central Command: Shot down five Houthi armed drones in the Red Sea.

New Zealand Reserve Bank President Orr: The most difficult variable for us to manage is low productivity.

New Zealand Federal Reserve Chairman Orr: Still concerned about underlying inflation.

New Zealand Federal Reserve Chairman Orr: GDP revisions revealed more excess in the economy, and domestic price pressures eased as expected.

New Zealand Federal Reserve Chairman Orr: Many variables lead us to believe that policies are working.

Orr, Chairman of the Reserve Bank of New Zealand: It is gratifying to see the decline in inflation expectations, and we feel confident in the consensus to keep interest rates unchanged for the time being.

New Zealand Reserve Bank Chairman Orr: There is a strong consensus that interest rates are (high) enough.

New Zealand Federal Reserve Chairman Orr: But it is definitely not an interest rate cut.

New Zealand Federal Reserve Chairman Orr: We did discuss raising interest rates.

Shimizu, Executive Director of the Bank of Japan: Service prices are gradually rising.

Bank of Japan Executive Director Shimizu: (When asked about Tuesday’s Japanese CPI data) The likelihood of achieving the inflation target is still not high enough.

New Zealand Federal Reserve Chairman Orr: Interest rates may need to be maintained at a level higher than market expectations.

New Zealand Federal Reserve Chairman Orr: Now demand and production capacity are more matched.

According to the Associated Press: Biden wins Michigan Democratic primary.

Hang Seng Index futures opened down 0.08% at night, at 16,800 points, with a premium of 8 points.

The Australian dollar rose 0.6% against the New Zealand dollar, its biggest gain in two months, after the Reserve Bank of New Zealand stayed on hold.

RBNZ: Continued restrictive monetary policy settings are necessary to guard against the risk of rising inflation expectations.