Reserve Bank warns Kiwis to brace for 2023 after announcing record OCR hike | Newshub
The Reserve Bank is warning New Zealanders to brace for a likely recession in 2023 and to slow their spending as it battles to tame inflation.
It comes as the central bank lifted the official cash rate by 75 basis points – its largest hike on record. As Alexa Cook reports, borrowers should expect further increases next year. ➡️ SUBSCRIBE: https://bit.ly/NewshubYouTube
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