TMM - News
No recession, but more interest rate rises coming
Monday 12th of September 2022
Borrowers are likely to experience more interest rate pain as a consequence of renewed economic growth, according to several bank economists.
That is because economic expansion, while modest, will not be modest enough to ease the Reserve Bank's inflation-fighting zeal.
This will become apparent when GDP figures for the June quarter are unveiled by Stats NZ on Thursday.
The economists are united in saying New Zealand will avert a recession by pulling last quarter's fall into positive territory.
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