RBNZ: The net impact of immigration on consumption is uncertain.

Federal Reserve Bank of New Zealand: Policies have sufficient regulatory effect on the economy.

2-year NZD swaps fell 14 basis points after the RBNZ rate decision.

Federal Reserve Bank of New Zealand: Rebuilding disaster-affected tropical storms will support economic activity.

RBNZ: Committee satisfied with expected path of official cash rate (OCR).

New Zealand Federal Reserve: Still need to raise interest rates to achieve inflation target.

New Zealand Federal Reserve: Insufficient demand is now the main factor constraining economic activity.

RBNZ: The committee agreed that neither rate decision would lead to unnecessary instability in output, interest rates or the exchange rate.

RBNZ: Committee discussed whether it would be appropriate to keep the official cash rate (OCR) at 5.25% or raise it to 5.50%.

New Zealand Federal Reserve: It is expected that the inflation rate will return to the target range of 1-3% in the third quarter of 2024.

New Zealand Federal Reserve: Global economic growth remains weak and inflationary pressures are easing.

US Geological Survey: A 5.2-magnitude earthquake struck 40 kilometers south-west of Maitum City, Philippines.

Market news: U.S. Treasury Secretary Yellen will participate in talks with the Wall Street Journal CEO.

On May 23 local time, the Belarusian ambassador to Russia Krutoy said that Belarusian President Lukashenko does not plan to attend the St. Petersburg International Economic Forum to be held in June this year. The Belarusian delegation will be led by the First Deputy Prime Minister.

The Nikkei 225 is expected to fall 3.1% to 30,000 by the end of 2023, according to a Reuters poll (the same as the February poll).