Highlights:

• New Zealand Holds Rate, Expects Policy to Stay Accommodative — New Zealand's central bank held interest rates at the lowest level in 3-1/2 years and expects them to remain there while economic activity regathers momentum. Bloomberg Economics

• Australia's High Wage Growth Reinforce RBA's Inflation Challenge — Australia's annual wage growth remained elevated last quarter, highlighting labor market tightness and reinforcing the inflation challenge facing the Reserve Bank after this month's interest-rate hike. Bloomberg Economics

• States Prepared to Pursue Live Nation Trial Even If DOJ Settles — Several state attorneys general are prepared to press ahead with an antitrust trial seeking to break up Live Nation Entertainment Inc. even if the US Justice Department decides to settle the case. Bloomberg Politics

• Reform UK Vows to Shake Up Bank of England and OBR in Power — Reform UK plans to overhaul the Bank of England and the government's budget watchdog if it wins power at the next general election. Bloomberg Economics

• Japan's Exports Rise Most in Three Years as AI Underpins Chips — Japan's exports rose at the fastest clip in more than three years as demand for AI-related chips offset sluggish car shipments to the US. Bloomberg Economics

• Mamdani Threatens NYC Property Tax Hike as Last-Resort Option — New York City Mayor Zohran Mamdani threatened to raise property taxes by nearly 10% to lobby Governor Kathy Hochul for more funding. Bloomberg Politics

• US Agencies Have Developed Critical Minerals Price Floor System — The US has developed a critical minerals price floor system being pitched to allies as the Trump administration and over 50 countries seek to reduce dependence on China. Bloomberg Politics

• IMF Urges Japan to Avoid Fiscal Risk of Cutting Sales Tax — The IMF advised Japan against cutting its sales tax to avoid fanning fiscal risks, as the Prime Minister prepares to debate a potential suspension of the tax on food. Bloomberg Economics