New Zealand's Rising Recession Risk Suggests Tightening May Slow.

(Bloomberg) -- New Zealand's economy contracted by more than expected in the final three months of 2022, putting it on the brink of recession and prompting investors to lower bets on the pace of further interest-rate hikes. Should the economy fail to expand in the current cyclone-hit quarter, as some economists forecast, it would have entered a recession six months earlier than the Reserve Bank predicted. [Extracted from the article]