When we'll know if rates really are nearing their peak

When we'll know if rates really are nearing their peak
If Reserve Bank governor Adrian Orr lowers the boom on rate hikes, it'll be hard to go back up. (Image: Getty)
Bloomberg
By Daniel Moss Here's a central bank that has embraced the idea of a recession rather than tiptoeing around the subject. Officials proclaim that aggressive interest-rate hikes are holding the economy back. Inflation remains much too high for comfort and talk of a dovish pivot borders on sedition. We are talking about the Reserve Bank of New Zealand (RBNZ), a proud early mover in the fight against price jumps – and one that may soon undergo its own form of recalibration. The transition that has been under way for some ti...

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