According to the article, the PMI for March in New Zealand was not as strong as the previous month, with a reading of 52. This suggests that there was still growth in the manufacturing sector, but at a slower pace compared to February when the PMI was at 57.5.

The article notes that this slowdown could be due to several factors, such as supply chain disruptions and labor shortages. These factors have been affecting the manufacturing sector in many countries due to the ongoing pandemic and related restrictions.

In summary, the news article reports that the BusinessNZ Manufacturing PMI for March in New Zealand was 52, indicating growth in the manufacturing sector, but at a slower pace compared to the previous month. The slowdown could be due to supply chain disruptions and labor shortages, which have been affecting the sector globally due to the pandemic.

According to the article, Schnabel said that core inflation, which measures the cost of goods and services excluding food and energy, is "very high" in the Eurozone. She suggested that this could be due to supply chain disruptions and other temporary factors related to the pandemic.

Schnabel also hinted at the possibility of another interest rate hike by the ECB in May. Interest rates are the amount of money that banks charge for lending money, and they can affect how much people and businesses borrow and spend. An interest rate hike would mean that borrowing money becomes more expensive, which could help to control inflation.

The article notes that these comments by Schnabel suggest that the ECB may be taking a more hawkish stance on inflation and interest rates, which could impact the Eurozone economy and financial markets.

In summary, the news article reports that Isabel Schnabel, a member of the ECB Executive Board, has suggested that core inflation is "very high" in the Eurozone, possibly due to pandemic-related factors, and hinted at the possibility of another interest rate hike by the ECB in May. These comments suggest a more hawkish stance on inflation and interest rates, which could impact the Eurozone economy and financial markets.

Conclusion EUR/NZD @ 1.75388 Closed April 14th @ 3:50 @ 1.77151 for 176.3 pips of profit.