STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

S&P/NZX 50 INDEX GROSS ( GROSS (^NZ50)

NZSE - NZSE Delayed Price. Currency in NZD

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11,755.17

+8.59

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At close: 05:58PM NZST

Investing.com
New Zealand c.bank keeps rates steady at 5.5%, sees sticky inflation
Investing.com -- The Reserve Bank of New Zealand (RBNZ) kept interest rates steady on Wednesday, and said that interest rates will need to remain high or potentially rise further due to a sticky inflation outlook for the country.
Investing.com
New Zealand central bank holds rates at 5.5%, to remain restrictive
Investing.com -- The Reserve Bank of New Zealand kept interest rates steady on Wednesday, but said that rates will remain higher for longer as the bank moves to curb overheated inflation levels.
Investing.com
New Zealand enters technical recession amid rate hikes, weather woes
Investing.com -- New Zealand’s economy contracted in the first quarter, entering a technical recession as an aggressive pace of interest rate hikes by the central bank and a slew of bad weather in the first quarter dented local activity.