Reserve Bank of New Zealand Governor Orr in a Bloomberg TV interview:
- we think there will be at least another two rate hikes
- our core view is we won’t see a technical recession
In case you are wondering, a 'technical recession’ is two consecutive quarters of negative economic growth (i.e. the economy gets smaller, contracts, for two quarters in a row). This is more commonly known as a 'recession’.
Dates coming up in 2022 for more rate hikes from the RBNZ: