NZ sharemarket dips as Reserve Bank holds OCR steady
The Reserve Bank decided to leave the Official Cash Rate (OCR) on hold at 3.25%, as widely expected.
On the
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NZ sharemarket dips as Reserve Bank holds OCR steady
The New Zealand sharemarket on Wednesday lost most of the gains it made yesterday, while the Reserve Bank aligned with other global counterparts in holding New Zealand's Official Cash Rate. The Reserve Bank decided to leave the Official Cash Rate (OCR) on hold at 3.25%, as widely expected. On the
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Reserve Bank keeps OCR at 3.25%, hints at future rate cuts
International uncertainty has prompted the Reserve Bank to leave its Official Cash Rate unchanged at 3.25%, but the bank has hinted heavily that it expects to resume rate cuts later in the year. Market expectations were for the central bank to leave the Official Cash Rate (OCR) unchanged so that
