RBNZ Governor Orr says the risk of recession has risen

Earlier from Orr:

• RBNZ Governor Orr says monetary policy must act as a restraint

M(Orr) now:

• risk of international recession has risen
• RBNZ does not expect a recession
• while its not possible to rule out a recession you can't anticipate on either
• NZ household balance sheets and cope with higher rates