The Markets

Share market shuffles sideways as inflation soars

Friday 16th of July 2021

The S&P/NZX 50 Index added 1.99 points, effectively unchanged, to reach 12,673.15. Turnover was $163.5 million.

New Zealand’s consumers price index jumped 1.3% in the June quarter which puts the annual rate at 3.3%, outside of the Reserve Bank’s target range and significantly above market expectations.

BNZ said it looked increasingly likely the official cash rate...

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