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The Bahraini Foreign Minister demanded that Iran cease its aggressive and provocative actions against Bahrain and other countries in the region, as well as its egregious interference in their internal affairs.Bahrains Foreign Minister: Bahrain condemns and strongly condemns Irans continued interference in its internal affairs and its actions that threaten the security and stability of the Gulf states.Commander of the Aerospace Force of the Iranian Islamic Revolutionary Guard Corps: The Aerospace Forces missiles and drones have locked onto the enemy, and we are awaiting the order to launch.On May 10th, local time, the final vote count for the 136th Local Council of England was released, completing the election results for the English Local Council, as well as the Scottish and Welsh Parliaments. In this election, both of Britains traditional two major parties, the Labour Party and the Conservative Party, suffered significant setbacks, while the Reform Party, the Green Party, and other parties saw a marked increase in strength, further highlighting the trend of "fragmentation" in British politics. Data shows that in the English Local Council elections, the Reform Party won 1453 seats, becoming one of the biggest winners; the Labour Party won 1063 seats; and the Conservative Party won 801 seats. Analysts believe that this British local election demonstrates that the traditional two-party (Labour and Conservative) dominance in Britain is being significantly challenged. British politics is further developing towards multi-party competition and political fragmentation.Qatari Foreign Ministry: The Qatari Prime Minister and Foreign Minister spoke by phone with the Saudi Foreign Minister to discuss efforts to ease regional tensions.

The AUD/NZD Exchange Rate Approaches 1.1000 Following a Slight Decline in Kiwi Inflation to 6.9 Percent

Larissa Barlow

Apr 21, 2022 09:40

The AUD/NZD pair is seeing a surge in demand following the release of Statistics New Zealand's annual inflation figure of 6.9 percent. The figures came in somewhat lower than expected at 7%, but the likelihood of another boost in the Reserve Bank of New Zealand's Official Cash Rate (OCR) remain high (RBNZ). Additionally, the quarterly kiwi Consumer Price Index (CPI) fell to 1.8 percent from a prior reading of 2%.

 

RBNZ Governor Adrian Orr increased the OCR by 50 basis points last week (bps). This was the RBNZ's fourth straight rate hike, bringing the OCR to 1.5 percent. The central bank stated in a statement that this was the largest rate hike in more than two decades, with the sole objective of minimizing inflation concerns. A larger-than-expected move by the RBNZ will provide the central bank with additional flexibility in future interest rate decisions. It's worth remembering that the RBNZ has been one of the most aggressive central banks in recent years, rapidly moving the grounded rates to neutral.

 

On the Australian front, the Reserve Bank of Australia's (RBA) officials have not identified any price pressures that would compel the institution to consider rate hikes. Meanwhile, investors are awaiting the release of the S&P Global Manufacturing PMI on Friday. A preliminary estimate of 57.8 is observed, compared to the earlier print of 57.7.

AUD/NZD 

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