RBNZ Joins Australia in Keeping Interest Rates on Hold

Good morning everyone, it’s Ben here in a windy Melbourne. Here’s what’s making news today.

Today’s must-reads:
• RBNZ holds interest rates to monitor inflation
• Australia concerned over Trump pharma tariffs
• Passenger addresses, diets stolen in Qantas leak

The Reserve Bank of New Zealand joined its Australian counterpart on Wednesday to keep interest rates unchanged, pausing after six straight cuts as inflation quickens. Policymakers said their hold would allow them to assess whether weakness in the domestic economy is persisting, and how inflation and inflation expectations evolve before their next meeting in August.