RBNZ media conference

Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, of Pakistan, and wherein they requested that I hold off the destructive force being sent tonight to Iran, and subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz, I agree to suspend the bombing and attack of Iran for a period of two weeks. This will be a double sided CEASEFIRE! The reason for doing so is that we have already met and exceeded all Military objectives, and are very far along with a definitive Agreement concerning Longterm PEACE with Iran, and PEACE in the Middle East. We received a 10 point proposal from Iran, and believe it is a workable basis on which to negotiate. Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two week period will allow the Agreement to be finalized and consummated. On behalf of the United States of America, as President, and also representing the Countries of the Middle East, it is an Honor to have this Longterm problem close to resolution. Thank you for your attention to this matter! President DONALD J. TRUMP *ISRAEL IS PART OF TRUMP'S CEASEFIRE: CNN

Breman: Reserve Bank of NZ considered raising rates relatively early, including today. RBNZ Governor Breman: CPI expected at 4.2% in Q2, with forecast uncertainty. Breman says if oil prices continue to drop, RBNZ inflation forecast may be on the high side.

Breman: No one strongly pushed for raising rates at today’s RBNZ meeting. Breman: Reserve Bank of NZ not near a rate hike at today’s meeting. RESERVE BANK OF NZ GOVERNOR: TIGHTER FINANCIAL CONDITIONS EXPECTED TO MODESTLY DAMPEN GROWTH. ... RESERVE BANK OF NZ GOVERNOR SAYS NEUTRAL RATE LIES WITHIN A RANGE, CENTERED AT 3.0%. ... RBNZ Governor: Frequency of rate hikes could be every meeting or every second meeting, it depends.