The Markets

NZ's market flat as Ebos impresses market and Spark disappoints

Wednesday 22nd of February 2023

The RBNZ lifted the official cash rate (OCR) by a widely expected 50 basis points to 4.75% this afternoon and said it was too early to assess the impact of Cyclone Gabrielle and other recent severe weather events. 

The S&P/NZX 50 Index fell 7.3 points, or 0.06%, to 11,794.22. Turnover was $147.4 million.

Mark Lister, an investment director from Craigs Investment Partner...

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