Rbnz Gov Breman says Q1 core inflation stable within the 1 - 3% target band

RBNZ Governor Adrian Breman said Q1 measures of core inflation have remained stable within the Reserve Bank’s 1–3% target band and that the Monetary Policy Committee is closely monitoring developments in the Middle East and incoming data. The remarks signal that underlying inflation is contained for now, reducing immediate pressure for policy tightening, though geopolitical risks and new data could change the outlook. Market impact is likely neutral near-term for the NZDUSD: stability in core inflation is mildly supportive for a steady policy stance, while the MPC’s vigilance introduces uncertainty that could keep the currency sensitive to incoming economic releases and risk events.