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MARKET CLOSE: NZ shares buoyed by RBNZ optimism of brief coronavirus hit
New Zealand shares rose as investors took heart from the Reserve Bank indicating the impact of the coronavirus outbreak on the domestic economy and corporate earnings would be short-lived. The S&P/NZX 50 Index gained 63.70 points, or 0.5 percent, to 11,898.24. Within the inde...
NZ dollar jumps on hawkish central bank decision
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...
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UPDATE: RBNZ rate-cut off the cards; coronavirus impact short
The Reserve Bank kept the official cash rate at 1 percent as widely expected but stripped out any chance of another cut and said it expects the impact of the coronavirus to be relatively short lived.The New Zealand dollar jumped after the statement and recently traded at 64.62 US...
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