NZX 50 Extends Losses Ahead of RBNZ, Fed Decisions
The NZX 50 dropped 83 points, or 0.6%, to 13,597 in Wednesday morning deals, extending losses for a fourth straight session as traders remained cautious ahead of the RBNZ’s and the Fed’s monetary policy decisions later today. The market expects the RBNZ to raise the official cash rate by 25 bps to 3% for a third straig