Buckle in for a 2023 recession, further OCR hikes
RBNZ continues to tighten at pace and expects a recession later next year.
ASB chief economist Nick Tuffley speaks with Jonathan Mitchell.
Jonathan Mitchell
Thu, 24 Nov 2022
Hot Topic
EARNINGS
The Reserve Bank has upped the OCR stakes – with a peak of 5.5% now expected later next year – amid stubborn inflation.
A recession has also been signalled in 2023, as the maturing tightening cycle takes some heat out of the economy.
Yesterday, the RBNZ delivered the expected jumbo-sized rate
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Jonathan Mitchell
Thu, 24 Nov 2022
Contact the Writer: jmitchell@nbr.co.nz
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