Best of BusinessDesk: Rate decision odds are tight, NZD set for a wild ride

Best of BusinessDesk: Rate decision odds are tight, NZD set for a wild ride
(Image: NZME)
Rebecca Howard
(This story was first published on Aug 14, 2024)Wednesday’s rate decision is on a knife’s edge, and the New Zealand dollar looks set for a wild ride given the odds.  Westpac Bank's financial markets strategist, Imre Speizer, told BusinessDesk: “A market reaction is likely." This may turn out to be an understatement. The official cash rate (OCR) is currently at 5.5%, and there has been heated debate about when the Reserve Bank of NZ (RBNZ) may start easing, particularly after it took a more dovish stance...

More Markets

NZ stocks retreat from record high, down 0.7%
Markets Market Close

NZ stocks retreat from record high, down 0.7%

The S&P/NZX 50 Index dropped 103.60 points, or 0.76%, to 13,467.26.

Jamie Gray 10 Oct 2025
Govt looks to put its Chorus investment on the block
Infrastructure

Govt looks to put its Chorus investment on the block

The finance minister said there's no policy reason for Govt to hold Chorus securities.

Rebecca Howard 10 Oct 2025
Latest cap raise values Sharesies at $750m
Markets

Latest cap raise values Sharesies at $750m

In its eighth raise since 2017, Sharesies values its shares at $205 apiece.

Pattrick Smellie 10 Oct 2025
Green Cross Health's prescription for growth
Markets Small Cap Wrap

Green Cross Health's prescription for growth

Medical group gets tentative approval to become a PHO, Savor, Paysauce, and more.