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

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025
Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Staff reporters 02 Jul 2025