2024 NZ share market outlook is positive, with NZX 50 index rising 9% since June, aided by OCR cuts to 4.25% by year-end.
New Zealand's share market outlook for 2024 is positive, with the NZX 50 index rising 9% since June, aided by a reduction in the Official Cash Rate (OCR) to 4.75%. The Reserve Bank anticipates another cut, lowering the OCR to 4.25% by year-end, and around 3% by late 2025. As the economy recovers, improved earnings and dividends are expected, making New Zealand shares appealing investments with a projected 4% dividend yield in 2025.
October 20, 2024
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