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
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
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
NZ Aviation News
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Aviation News - Monthly
NZ$14.95 / monthly
Already have an account? Login
Jonathan Mitchell
Thu, 24 Nov 2022
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Related News
Related News
Buckle in for a 2023 recession, further OCR hikes
Economics,
96745