Australia Briefing

Trump Agrees to Suspend Iran Attacks, RBNZ Rate Decision

Get caught up.
US President Donald Trump.Photographer: Aaron Schwartz/CNP/Bloomberg via Consolidated News Photos

Good morning, President Donald Trump postponed by two weeks his threat to attack civilian infrastructure across Iran, as negotiators inched closer to a ceasefire deal that will see Tehran reopen the Strait of Hormuz. The result marks a breakthrough and comes less than two hours before the expiration of Trump’s deadline

New Zealand has a rate decision later today, when the Reserve Bank’s Monetary Policy Committee is universally expected to keep the official cash rate unchanged at 2.25% with all eyes on its assessment of inflationary pressures. - Carmeli Argana, Australian stocks reporter