Risk sentiment higher as investors see light at the end of the tunnel, even if uncertainty remains. NZ rates higher with further follow-through post the RBNZ hawkish-tinged update

RBNZ forecasts annual inflation will spike to 4.2% in the June quarter and warns medium-term inflationary pressure will depend on the extent to which higher costs influence price and wage-setting behaviour by firms and workers in the economy

The shifting sands of term deposit rate offers sees short rates rise above 3% with rises concentrated in the one year-plus terms, and very long rates at or over 5% again

ANZ picks Reserve Bank to raise the OCR 3 times this year starting in July, but notes there's a high level of uncertainty

US to block Hormuz; US inflation rises, sentiment tumbles; China inflation modest; Taiwan exports high again; Hungary ousts Orban; IMF glum about 2026; UST 10yr at 4.32%; gold eases as oil holds high; NZ$1 = 58.4 USc; TWI-5 = 61.9

Fuel shock hits home: Airlines cut routes, households tighten spending and inflation worries mount

Natalia Albert argues Christopher Luxon won't survive as PM until the election, but it won’t matter because National will still win