European markets set for cautiously higher open ahead of key inflation data

has held its benchmark interest rateThe RBNZ said the current level of interest rates are "constraining spending and inflation pressure as anticipated and required."

However, the central bank said interest rates still need to "remain at a restrictive level for the foreseeable future," to ensure that consumer inflation returns to its target range of 1-3%.Japan's corporate goods price index rose atAlso known as the wholesale inflation gauge, the 4.1% figure is lower than May's revised print of 5.2%, and also the slowest inflation rate recorded since April 2021.

The corporate goods price index measures the price companies charge each other for their goods and services.

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Source: CNBC - 🏆 12. / 72 Read more »