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
Hawke’s Bay
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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