RBNZ Governor Breman says the global environment continues to present headwinds, Q1 core inflation have remained stable within the 1-3% target band

Governor Breman's remarks highlight that while global factors remain challenging, the stability of core inflation within the RBNZ's target band suggests that New Zealand's economic conditions are relatively steady. This could signal a cautious approach to monetary policy moving forward, likely maintaining rates unless external pressures significantly shift the outlook.