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Economics
3 mins to read

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.

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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Contact the Writer: jmitchell@nbr.co.nz
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Buckle in for a 2023 recession, further OCR hikes
Economics,
96745