With the labour market and inflation going from strength to strength and the next meeting three months away, we expect the Reserve Bank of New Zealand to hike the overnight cash rate by 75bp at its meeting on 23rd November. That aggressive pace of tightening will ultimately push the economy into recession and we still think that policy will be loosened by the end of next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services