The Reserve Bank expects inflation to spike this quarter - but says it's still too early to say by how much.

The central bank's opted to keep the Official Cash Rate unchanged at 2.25 percent, for now.

It's forecasting inflation will surge to 4.2 percent in the June quarter - but admits that forecast doesn't take into account the fall in fuel prices after yesterday's Iran ceasefire announcement.

The Co-operative Bank CEO Mark Wilkshire shares his thoughts with Ryan Bridge. 

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Iran has made a toll on the Strait a precondition for peace, and some are clearly already paying up. 2 Degrees wrap with Garth Bray

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The Reserve Bank is expected to take a long-term view on inflation when it sets interest rates today. 

Economists expect the central bank to play it safe and keep the Official Cash Rate at 2.25% until later in the year. 

It's the first Monetary Policy Statement since the Iran war began.  

Westpac Chief Economist Kelly Eckhold told Mike Hosking the bank will be focused on where inflation is heading, not just where it is now. 

He says it'll forecast what inflation looks like in 12 months rather than three. 

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Artificial intelligence revolution is not a knowledge wave. It is a tsunami, coming with both exceptional opportunities and challenges." - Chris Liddell, Anthropic

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Finance Minister Nicola Willis updates us on the fuel stock situation, which is stable, but a poll claims NZ is heading in the "wrong direction"

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The Finance Minister says these increasing fuel prices will be tough on Kiwis as the Middle East conflict continues on.

Fuel supplies remain stable with the Strait of Hormuz still blocked, but petrol and diesel prices have continued to surge.

US President Donald Trump's threatening to obliterate all Iran's bridges and power infrastructure - if Iran doesn't do what he wants by tomorrow.

Nicola Willis says New Zealand is experiencing a price shock in line with the rest of the world - and it's tough.

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Labour’s trade spokesperson talks about the Indian FTA, what’s going down in his old West Coast - Tasman electorate, and why he defends the agricultural record of his last government (2020-23). 

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Your Monday market outlook with Aaron Ibbotson.

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The latest in business with Garth Bray, thanks to Forsyth Barr

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A weaker dollar's helping commodity prices.  

ANZ’s Commodity Price Index hit a record high in March, rising 6.4% as the dollar weakened 2.8%. 

Global prices rose 4.1% – the second-highest monthly rise on record. 

BusinessNZ CEO Katherine Rich told Mike Hosking on the surface, higher prices look positive for exporters, but they're also facing much higher costs.  

She says the weaker dollar boosts export return but also makes imports more expensive. 

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