Wake Up Call: Delta dawn brings interest rate riddle

The NZ dollar already dropped on Tuesday afternoon on expectations the OCR would remain in place. (Image: Deposit Photos)

Staff reporters

Wed, 18 Aug 2021

Summary Companies across New Zealand will be throwing to Plan B today following last night’s unexpected hard lockdown. Companies such as Fisher and Paykel Healthcare and Serko are holding their annual meetings, and two of NZ’s biggest companies, Fletcher Building and Spark, are delivering their annual results. There are questions over whether the Reserve Bank is now less likely to raise the official cash rate (OCR) today.Delta dawn New Zealand has woken to a 72-hour level 4 lockdown while Auckland and the Coromandel are in a se...

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