NZ market flat as RBA hits the handbrake

The S&P/NZX 50 Index edged down 7.6 points, or 0.07%, to 11,235.72. (Image: Getty)

Tue, 03 Oct 2023

All was quiet on New Zealand’s benchmark index on Tuesday as the Reserve Bank of Australia has continued to hit an expected pause on hiking the cash rate, and investors wait to see if the Reserve Bank of NZ follows the same line of thinking – or goes rogue.The S&P/NZX 50 Index edged down 7.6 points, or 0.07%, to 11,235.72. Turnover was $102.5 million. There were 40 gainers and 95 decliners on the main board.Capital Economics senior Australia and NZ economist Marcel Thieliant said although the new Reserve Bank of A...

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