New Zealand data - February Food Price Index +1.5% m/m (vs. prior +1.7%)

Eyes are on the US this morning in Asia and moves to rescue/bailout troubled bank SVB.

But, data from New Zealand has been incoming:

• New Zealand services PMI (February) 55.8 (prior 54.7)

And now the FPI for February, showing food prices continue to trend strongly higher.

The Reserve Bank of New Zealand next meeting: