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International
Annual Inflation in New Zealand Expected to Slow to 2.9% in Q1, ANZ Research Says
Annual inflation in New Zealand is to expected slow by 0.2 percentage points in the March quarter to 2.9%, slightly higher than the previous forecast of 2.8% but slightly lower than the Reserve Bank of New Zealand's (RBNZ) April forecast of 3%, ANZ Research said in a note on Friday.The first quarter consumer price index data, scheduled to be released on April 21, will capture some initial impacts from the Middle East conflict, but inflationary effects will be more pronounced in the second quarter. If the sharp rise in fuel prices are sustained around current levels, the June quarter consumer price index will record a much larger quarterly rise.The bank expects the core inflation indicators to remain within the 1% to 3% target band, with the weighted median, 30% trimmed mean, and ex‑food, fuel and energy measures expected to land within a 0.3% band around 2%.It is reasonable to assume that uncertainty around the medium-term inflation outlook will be the monetary policy committee's main focus in May, ANZ said.
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International
US Dollar South Korea's Largest Export Settlement Currency in 2025
The U.S. dollar represented 84.2% of settlement currencies for Korean exports in 2025, marking the East Asian country's largest export settlement currency for the year, the Bank of Korea said in a Thursday release.The euro represented 5.9%, the South Korean won took up 3.4%, and the Japanese yen represented 1.9% of the country's export settlement currencies last year, the release said.
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International
Singapore's Non-Oil Domestic Exports Expand 15.3% in March
Singapore's non-oil domestic exports jumped 15.3% year over year in March, following a 4% increase in the previous month, according to data released by Enterprise Singapore on Friday.Electronic NODX expanded by 74%, while non-electronics fell by 0.6% on year during the month.Non-oil re-exports surged by 61.4% year over year in March, extending a 21.9% expansion in the previous month.Total merchandise trade increased by 38.5% year over year in March, after a 13.6% expansion in the previous month.Total exports were up 41.2% in March, accelerating from the 13.6% rise in the previous month. Total imports, meanwhile, rose by 35.5% compared with 16.5% the previous month.
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