RBNZ Chair Bu Leiman said supply-chain issues and oil prices will have a larger-than-expected impact on the New Zealand government's budget.

Senda Resources said in a midday announcement that its controlled subsidiary Sichuan Honglin Mining Co., Ltd. had the Caiyuanzi Copper-Gold Mine mining-area engineering inspected on site by the Sichuan Provincial Emergency Management Department, which organized relevant units and experts, and recently received a Safety Production Permit issued by that department. With the permit, Honglin Mining may commence mining operations in the Caiyuanzi mining area, and underground workings will enter full-scale extraction.

BOK left its policy rate unchanged at 2.50%, matching market expectations.