NZ shares drift as Aussie central bank holds rates while talking tough
The central bank this month kept the rate at 4.35%. (Image: Getty)
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...
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