Economic Weekly: A wild ride

  • Last week was one-way traffic upwards for interest rates as local banks upped their OCR forecasts as the Budget splashed the cash and the impact of strong migration flows on inflation moved firmly into the spotlight
  • Market moves were substantial
  • Budget 2023 included targeted increases in income support payments for low-income individuals and families, significant increases in operational spending allowances, and substantial increases in capital spending, particularly for infrastructure

Contact us

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.