New Zealand Central Bank Hikes Rates by Record, Sees Recession in Mid-2023

The video discusses New Zealand's significant rate hikes, the largest since 1999, aimed at combating high inflation and low unemployment. Despite global trends of easing, New Zealand is aggressively tightening monetary policy, potentially leading to a recession in 2023. The impact on households, especially those with floating rate mortgages, is highlighted. The video also compares New Zealand's approach with other countries like Sweden and the US, noting the risks of diverging from global trends.

What are the implications of the recent rate hikes on the housing market in New Zealand?

What is the expected cash rate peak for New Zealand in 2023?

What does the term 'hawkish comments' refer to in the context of monetary policy?

What are the potential risks associated with New Zealand's aggressive rate hikes?

How does the RBNZ's approach to inflation differ from that of the Fed?