NZ sharemarket down 0.1% on inflation news

There were 22.4 million share transactions worth $94.14m. (Image: Getty)

Wed, 22 Jan 2025

The New Zealand sharemarket posted a small loss as inflation remained under control, prompting renewed calls for a big interest rate cut next month.The S&P/NZX 50 Index had a late dip and closed at 13,019.83, down 15.76 points or 0.12%. There were 22.4 million share transactions worth $94.14m.The December quarter Consumers Price Index showed inflation was running at 2.2% – the second consecutive quarter that annual inflation has been within the Reserve Bank of NZ’s (RBNZ) target of 1-3%. It was slightly higher than the RBNZ...

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