NZ sharemarket dips as Reserve Bank holds OCR steady

The market lost most of Tuesday's gains as the Reserve Bank held the official cash rate steady at 3.25%. (Image: NZME)

Wed, 09 Jul 2025

The New Zealand sharemarket on Wednesday lost most of the gains it made on Tuesday, while the Reserve Bank aligned with other global counterparts in holding NZ’s official cash rate.The RBNZ decided to leave the official cash rate (OCR) on hold at 3.25%, as widely expected.On the main board, the S&P/NZX 50 Index closed down 0.70% or 90.41 points, falling to 12,768.61, with 30,992,457 shares changing hands to the value of $107.6 million.The S&P/NZX 20 index closed at 7472.60, down 0.77%, while the S&P/NZX 10 index ended the day...

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