GoodReturns | NZ’s financial adviser news-item centre

RBA's surprise hike continues to pinch bank stocks

The Commonwealth Bank of Australia's cut to its gross domestic product (GDP) outlook prompted bank shares to slide down the index today, with the Australian reserve bank’s surprise 50-basis point hike flowing into New Zealand’s market for a second day.

BusinessDesk

Thu, Jun 9th 2022 08:48PM

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