Seemingly they will given what the banks are saying!
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I haven't red that one but have been reading a lot of them recently.
I'm actually quite impressed by what Orr is saying today, and I comment that I am increasingly unimpressed with how niggardly Reddell is in his criticisms. A real croaker as he calls himself. I think he must have a bee in his bonnet about something..... Very knowledgeable and thorough though.
One of the most influential / powerful people in the country and we can’t even vote him out.
Of course there will be a recession, and of course Orr has to try not to predict it. Any financial journalist will know that, and if they need Orr to confirm what they know, they should switch to writing the gardening column. The big question is will it be worse than a recession?
RBNZ starts $30 Billion QE https://www.stuff.co.nz/national/hea...rotect-economy