There could be some collective belt tightening across New Zealand following the latest interest rate hike from the Reserve Bank, and yet another gloomy economic forecast.
The 75 basis point jump saw wholesale interest rates hit 4.25 percent - the highest in more than a decade.
And the forecast reads like an economic weather bomb. Persistent inflation hitting 7.5 percent near Christmas.
Recession clouds gather by mid-2023, as the tide of unemployment rises.
Rachel Graham reports.
