Will the share market cope with OCR hikes?

Investors have already been bracing for higher interest rates (Image: Unsplash)

Mon, 26 Jul 2021

For more than a year, equity markets in New Zealand and around the world have been supported by extremely accommodating central bank policies designed to stave off an economic downturn.Now it looks as though the Reserve Bank of New Zealand is willing to be the first nation in the OECD to call time on emergency policy settings.The central bank ended its large-scale asset purchase programme – also known as quantitative easing or ‘money printing’ – last Thursday and many economists are calling for it to raise the offic...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy