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Golden Ten Data reported on April 21 that Mark Smith, Senior Economist at New Zealand’s ASB Bank, stated that New Zealand’s overall annual inflation rate is expected to reach 4.5% in the second quarter and remain above 4% for the rest of 2026. He noted that the first quarter’s CPI data only reflected the initial impact of the US-Iran war, while the significant rise in oil and transport prices is expected to spread to broader overall price increases. Smith warned that the Reserve Bank of New Zealand’s 1%-3% inflation target may not be achieved until mid-2027, and there is a risk of a more significant overshoot.

Glonghui, April 21 | According to the Financial Times, Jeff Bezos is close to securing a $10 billion funding deal for his “Project Prometheus”, with investors valuing its AI lab at $38 billion.

According to a report by Dongxin News Agency, during a meeting with officials from the US Treasury Department and the Federal Reserve in Washington, the governor of the Central Bank of the United Arab Emirates proposed the idea of establishing a currency swap mechanism. The UAE’s energy infrastructure has suffered damage, and the blockade of the Strait of Hormuz is affecting oil exports and US dollar revenue. Officials stated that if the supply of US dollars becomes tight, oil transactions may switch to using the Chinese yuan or other currencies.