NZX 50 Rebounds after RBNZ Holds Rates
The NZX 50 rose 40 points, or 0.3%, to 13,720 on Wednesday, erasing its morning losses and those from the previous three sessions after the RBNZ unexpectedly held its official cash rate, defying market expectations for a 25 bps hike. Annual inflation slowed to 3.7% in Q3; however, it remained above the RBNZ’s 1—3% targ