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New Zealand forecast - "The RBNZ will induce a recession", NZD/USD to 0.55
This update from Kiwibank in New Zealand on their outlook
The main points:
- The outlook for the Kiwi economy is deteriorating into a recession. Large parts of the global economy will fall into recession, as central banks hike interest rates to squash inflation. The RBNZ is even more extreme.
- The RBNZ are hell-bent on forcing inflation back within its mandated 1-to-3%yoy target band. And fair enough, their credibility as an inflation-fighter is being tested. They expect... Read More
Posted: Dec 6 2022, 01:39
Author Name: forexlive
Views: 102215
