NZ wholesale interest rates head down after RBNZ’s OCR call
Market pricing is pointing to further declines in New Zealand interest rates.
Market pricing is pointing to further declines in New Zealand interest rates.
Deal under way is due to settle on Monday next week according to NZX announcement.
NZ stocks ended on a firm note after RBNZ kept rates on hold.
Fletcher Building's shares rallied in a soft market.
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'All they did was inject another level of risk ... the CEO is not the problem here.'
“I see what I’m doing here as a really important cultural statement."
'We both realise the buck stops with us. It’s in the best interests for us to hand over.'
'Fletcher has done considerably worse than the average company on the stock exchange.'
ANZ said the Reserve Bank could still hike the official cash rate twice this year.
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The Kiwi retailer has delivered strong results despite an industry downturn.
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But in New Zealand, the local index fell nearly half a per cent.
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Trading was quiet as Aucklanders relaxed on their anniversary holiday.