NZ market flat as RBNZ keeps OCR at 5.5%

NZ market flat as RBNZ keeps OCR at 5.5%
The S&P/NZX 50 Index was flat at 1,1235.05. (Image: Getty)
Ella Somers
Neither New Zealand’s benchmark index nor economists were surprised by the fact there was no change made to the official cash rate by the Reserve Bank of New Zealand on Wednesday.  The S&P/NZX 50 Index was flat at 1,1235.05. Turnover was $108.1 million. There were 38 gainers and 85 decliners on the main board.Paul Robertshawe, chief investment officer with Octagon Asset Management, said the market had expected the non-move out of the RBNZ as most economists had predicted the central bank wouldn’t move the cash-rate dial bef...

More Markets

The pros and cons of Sky’s big deal
Markets

Eden Bradfield: The pros and cons of Sky’s big deal

You'd best hope streaming and advertising revenue make up for the $1 purchase.

Eden Bradfield 26 Jul 2025
Infratil and Ebos help drive NZ stocks higher
Markets Market Close

Infratil and Ebos help drive NZ stocks higher

Infrastructure investor helped the sharemarket end the week on a positive note.

Tom Raynel 25 Jul 2025
Bathurst fails to strike-out Talley's claims
Markets

Bathurst fails to strike-out Talley's claims

Talley's is alleging Companies Act breaches by its coal JV partner.

Pattrick Smellie 25 Jul 2025
New CFO for KMD Brands
Markets

New CFO for KMD Brands

Carla Webb-Sear has been appointed group chief financial officer for KMD Brands.She will join the group executive team on Aug 4 and report to Brent Scrimshaw, group chief executive and managing director.She joins KMD Brands from Qantas, where she was chief financial and strategy...

Staff reporters 25 Jul 2025