There's uncertainty if the Reserve Bank will change tack following the revelation of New Zealand's deep recession. 

Stats NZ figures out yesterday show GDP fell 1% in the three months to September. 

It’s also revised the preceding quarter down to 1.1% contraction. 

Former Reserve Bank Economist Michael Reddell says it did achieve its goal of bringing inflation under control. 

He told Heather du Plessis-Allan he doubts they'll ramp up the size of OCR cuts next year in response to the recession. 

Reddell says it's more likely they'll go ahead with a 50 basis point cut, then tail them off next year. 

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