Both of these measures of wholesale price inflation have risen more than expected, and both have risen less quickly than in Q1.
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Ahead in New Zealand today, the session focus:
- RBNZ RATE HIKE WATCH: NZDUSD corrects to the 200 hour MA. RBNZ rate decision tomorrow
- RBNZ rate hike coming on Wednesday - NZD impact & preview
- RBNZ shadow Board recommends a 50bp cash rate hike this week
- RBNZ meet next week - preview - "should be NZD-supportive"
- Analysts are unanimous that the RBNZ will hike cash rate by 50bp
And:
