RBNZ Governor Orr says he thinks there will be at least two more rate hikes

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:

Steve Walker

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