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

Karl Gradon takes top job at Comvita
Primary Sector

Karl Gradon takes top job at Comvita

The honey business had been without a permanent CEO for nearly a year.

Updated: Briscoe takes Warehouse’s spot in NZX 50
Retail

Updated: Briscoe takes Warehouse’s spot in NZX 50

Rod Duke says he could sell down holding if it made sense to do so.

NZ dollar targeting 61 US cents in short term
Economy

NZ dollar targeting 61 US cents in short term

The kiwi was trading at 60.20 US cents early Monday.

NZ stocks end flat amid Fletcher-SkyCity legal woes
Markets Market Close

NZ stocks end flat amid Fletcher-SkyCity legal woes

Tesla's 14% drop again highlighted the general state of global market uncertainty.

Jamie Gray 06 Jun 2025