|Bid||29.26 x 15000|
|Ask||29.59 x 7500|
|Day's Range||29.30 - 29.60|
|52 Week Range||19.67 - 31.82|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||12.55|
|Forward Dividend & Yield||1.13 (3.93%)|
|Ex-Dividend Date||May 10, 2021|
|1y Target Est||N/A|
(Bloomberg) -- New Zealand’s central bank raised interest rates for the first time in seven years and signaled further increases will likely be needed to tame inflation.Most Read from BloombergChristmas at Risk as Supply Chain ‘Disaster’ Only Gets WorseReshaped by Crisis, an ‘Anti-Biennial’ Reimagines ChicagoLeft-Wing Rage Threatens a Wall Street Haven in Latin AmericaThis Is What Europe’s Green Future Looks LikeBefore Interstates, America Got Around on InterurbansThe Reserve Bank’s Monetary Pol
The strong jobs data affirms economists’ views that the RBNZ will raise the official cash rate (OCR) when it meets on August 18.
New Zealand's economic growth swept past forecasts in the first quarter on the back of a housing boom and strong retail spending, avoiding a second recession and bringing forward expectations for tighter monetary policy. Gross domestic product (GDP) rose 1.6% in the three months through to March, Statistics New Zealand said on Thursday, well ahead of a Reuters poll forecast of 0.5% growth and the Reserve Bank of New Zealand's (RBNZ) estimate of a 0.6% fall. New Zealand's success in virtually eliminating the coronavirus in the country allowed it to reopen its domestic economy must before other advanced nations, boosting employment and consumer spending.