New Zealand Finance Minister Robertson says the economy faces significant challenges

Robertson is also New Zealand deputy PM

• says the economy faces significant challenges
• says a global recession is on our doorstep
• economy able to stand up to global recession
• NZ is experiencing a genuine global inflation crisis

Coming up from NZ today:

• Reserve Bank of New Zealand meet Wednesday - preview

• RBNZ +50 or +75 cash rate hike this week - the larger one would prop up the kiwi $

• RBNZ Shadow Board majority view is for a +75bp interest rate hike (cash rate to 4.25%)
• RBNZ meet next week - preview - "likely to deliver an outsized 75bps hike to 4.25%"
• Poll shows most analysts expect a +75bp rate hike from the RBNZ next week

The announcement is due at 0100 GMT

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