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RBNZ Governor Orr says the risk of recession has risen

Eamonn Sheridan
25/05/2022 | 21:40 GMT

Earlier from Orr:

  • RBNZ Governor Orr says monetary policy must act as a restraint

M(Orr) now:

  • risk of international recession has risen
  • RBNZ does not expect a recession
  • while its not possible to rule out a recession you can't anticipate on either
  • NZ household balance sheets and cope with higher rates

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