RBNZ chief economist Paul Conway says future path for the OCR is conditional on how the economy evolves as some bank economists bring their forecasts for increases forward

Here are the key changes to know about in the New Zealand equity market; Infratil, Briscoes, Vista, and Summerset lead the gainers as Tourism Holdings, Tower, Skellerup, and Gentrack are the main decliners

Markets embrace US-Iran two-week ceasefire deal, even though it appears shaky. Bombing continues and Strait of Hormuz remains effectively closed. Additional support for NZD following more hawkish tone adopted by the RBNZ

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