RBNZ’s Orr: It will be a brief recession

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr is speaking at the November post-monetary policy meeting press conference this Wednesday, endorsing the central bank’s hawkish 75 basis points (bps) Official Cash Rate (OCR) rate hike announced earlier on.

Key quotes

It will be a brief recession.

Wage and inflation expectations must fall.

more to come ....