NZ Sharemarket Sees 0.6% Jump on RBNZ Inflation Survey Optimism

The New Zealand sharemarket recorded a 0.6% increase following the Reserve Bank of New Zealand's (RBNZ) survey on inflation.

The RBNZ survey, which measures business confidence and expectations for future economic growth, showed that companies are more optimistic about their prospects than previously thought.

This optimism is reflected in the sharemarket's performance, with many key sectors seeing gains. The survey also found that businesses expect prices to rise over the next quarter, but at a slower pace than initially anticipated.