For the y/y, comes in at: 3.1%
- expected 3.1%, prior 3.5%
Q3 revised to a 1.2% rise (from 1.4%)
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Bang on expectations, but note Q3 revised lower.This might be a factor reducing market perceptions of the likelihood of a near-term rate hike. A key driver of the kiwi in the day ahead is going to be continued reaction to the FOMC decision
