US dollar makes good gains

  Global bonds are higher in yield while the US dollar advanced, says BNZ Markets this morning. In currency markets the US Dollar made broad based gains, particularly against European currencies, says Stuart Ritson. The 0.5% increase in the Dollar index trimmed...

No change to OCR but hawkish tone

The RBNZ left the OCR at 5.5% as expected but was more hawkish on future prospects. The RBNZ's projections signal the risk of further increases in the OCR in 2024. An easing cycle looks quite some time off., says Westpac chief economist Kelly Eckhold. The RBNZ’s...

NZ Market Report 29.11.23

  Several heavyweight stocks climbed on the NZ sharemarket today as the Reserve Bank released a no-change decision on the Official Cash Rate (though hedging its opinions on what early New Year might bring and increased resignation to an extended period of current...