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Westpac expects the RBNZ to begin raising the OCR in September but to deliver only one further hike through year‑end. It cites an early resolution of the Iran conflict as weakening the outlook inflation and bringing forward the recovery, reducing the

2026-06-25

Westpac expects the RBNZ to begin raising the OCR in September but to deliver only one further hike through year‑end. It cites an early resolution of the Iran conflict as weakening the outlook inflation and bringing forward the recovery, reducing the need for aggressive tightening. Westpac now forecasts an OCR peak of 4.00% at end‑2027, easing to a neutral 3.75% by end‑2028; it had previously forecast a 4.25% peak. The bank says this implies one fewer hike than its most recent forecast but one more than its pre‑conflict projection.

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2026-06-25

Multiple UN agencies on the 24th released the Tracking SDG7: Energy Progress report, saying 655 million people still lack access to electricity. The report warns that without urgent, larger-scale action the world will miss SDG7 — universal, affordabl

Multiple UN agencies on the 24th released the Tracking SDG7: Energy Progress report, saying 655 million people still lack access to electricity. The report warns that without urgent, larger-scale action the world will miss SDG7 — universal, affordable, reliable and sustainable modern energy access by 2030. While most regions are close to universal electrification, progress in Sub-Saharan Africa is slow: more than 560 million people lack electricity and 970 million lack access to clean cooking energy.
2026-06-25

U.S. tsunami warning system says earthquake in Venezuela no longer poses a Tsunami threat.

U.S. tsunami warning system says earthquake in Venezuela no longer poses a Tsunami threat.
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