Producer price inflation slowed to 9,3 percent year-on-year last month from November's 10 percent, adding weight to the argument that interest rates might not rise much further.
Producer price inflation slowed to 9,3 percent year-on-year last month from November's 10 percent, adding weight to the argument that interest rates might not rise much further.
"It's a bit of an unexpected number. Next month could well be the last rate hike. I think that's what the numbers are telling us," said Brait economist Colen Garrow. - Reuters