NZ dollar jumps on hawkish central bank decision

NZ dollar jumps on hawkish central bank decision
Jenny Ruth
The New Zealand dollar jumped the best part of a US cent after the central bank ruled out the likelihood of further rate cuts and said the impact of the coronavirus will be fleeting. The kiwi was trading at 64.58 US cents at 5pm in Wellington, off the day's high at 64.76 cents, but up from 63.87 cents at the same time yesterday. The trade-weighted index was at 71.59 points from 70.93. The Reserve Bank held its official cash rate steady at its record low of 1 percent, as expected, but forecasts in its monetary policy statement showed the O...

More Markets

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
F&P Healthcare facing $12m bill for product recall
Markets

F&P Healthcare facing $12m bill for product recall

The company will provision the cost in its next full year results.

Staff reporters 28 Mar 2024
Synlait seeking help from major shareholder for $130m debt
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.