NZ shares drift as Aussie central bank holds rates while talking tough

The New Zealand sharemarket continued to drift sideways while the Australian Reserve Bank kept its cash rate on hold while still talking tough.The S&P/NZX 50 Index closed at 11,356.99, down 10.81 points or 0.10%, and the S&P/ASX 200 had declined 0.96% to 7056.6 points at 6pm NZ time. There were 50 gainers and 78 decliners on the NZX main board, again featuring light trading with 22.42 million shares worth $79.03m changing hands.The Reserve Bank of Australia (RBA) lifted the cash rate by 25 basis points last month to a 12-year high...