The December quarter labour market surveys surprised modestly to the upside, suggesting that activity and inflation pressures are still easing, but perhaps not as quickly as the RBNZ would have hoped.
One of the spotlights will turn to New Zealand's inflation data in the upcoming Asian session. Market are expecting quarterly CPI to rise 0.5% qoq in Q4, slowed from Q3's 1.8% qoq. Annually, CPI is expected to fall from 5.6% yoy to 4.7% yoy.