Reserve Bank of NZ's rate cut lifts sharemarket as high‑yield stocks climb

The Reserve Bank slashed the Official Cash Rate by 50 basis points to 2.5%. (Image: NZME)

Wed, 08 Oct 2025

The New Zealand sharemarket rose on Wednesday, driven by high-yielding companies after the Reserve Bank of NZ’s 50 basis point cut to the official cash rate.The S&P/NZX 50 Index closed up 0.27% or 37.19 points, rising to 13,568.48 after 66.1 million shares worth $180.4m were traded.The S&P/NZX 20 index closed at 7769.11 points, up 0.17%, while the S&P/NZX 10 index ended the day at 12,888.45, falling 0.01%.There were 99 gainers on the main board and 41 decliners.'Tipping point'Generate investment specialist Greg Smith s...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}