New Zealand Central Bank Hikes Rates by Record, Sees Recession in Mid-2023
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main reason for New Zealand's recent jumbo interest rate hike?
To boost economic growth
To combat high inflation
To increase employment
To stabilize the Kiwi dollar
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected peak cash rate in New Zealand for 2023?
4.25%
6.0%
4.75%
5.5%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economic condition is New Zealand expected to enter in mid-2023?
Recession
Stagnation
Economic boom
Hyperinflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the RBNZ front-loading interest rate hikes?
To boost the housing market
To align with the Federal Reserve
To increase consumer spending
To reduce inflation quickly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What risk does New Zealand face by diverging from the Federal Reserve's approach?
Housing market collapse
Currency devaluation
Increased inflation
Economic isolation
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