NZ faces 'shallow' recession as rates need to rise more

NZ faces 'shallow' recession as rates need to rise more

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By Stella Qiu SYDNEY (Reuters) - New Zealand is likely facing a "shallow" recession as interest rates need to rise further to tame inflation, a top central banker said on Monday, suggesting that a pause in the policy tightening streak was still a distant prospect. In an interview, Reserve Bank of…

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