Economic Weekly: 50bp from the RBNZ – then what?
- We’ll be falling off our office chairs this Wednesday if the RBNZ does anything other than cut the OCR by 50bp
- Although it has been an eventful time since the November Monetary Policy Statement, we expect the RBNZ’s assessment of medium-term inflation pressures won’t have changed significantly
- Inflation in the early parts of 2025 is likely to be higher though, reflecting a bit more pressure from the slightly weaker NZD
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Mark Smith
Senior Economist
Mark joined ASB in 2017, with over 20 years of public and private sector experience working as an economist in New Zealand and the UK.
His resume includes lengthy stints at ANZ and the Reserve Bank of New Zealand, and he has also worked at the Bank of England, HM Treasury and the New Zealand Transport Agency. Mark's areas of specialisation include interest rate strategy, macro-economic analysis and urban economics.
Born and bred in the Waikato, Mark studied at Waikato University where he graduated with a Master of Social Sciences, majoring in Economics.
Mark's key strengths are the ability to use his extensive experience, inquisitive nature, analytical ability, creativity and pragmatism to dig a little deeper and to deliver common sense solutions to tackle complex problems.
When not at work Mark likes to travel, keep fit and spend time with his friends and family.
- Email: Mark