Economic Weekly: Contrasting moves from the Downunder Reserve Banks

  • It’s looking to be an eventful week ahead Downunder as we head into a very welcome Easter long weekend
  • Both the RBNZ and the Reserve Bank of Australia will announce their respective monetary decisions: the RBNZ on Wednesday at 2pm and the RBA tomorrow afternoon
  • We are forecasting the RBNZ lift the OCR by 25bps (though a 50bp hike remains in the realm of possibility) which will take the OCR to 5.0%, the highest it’s been since 2008 in the lead-up to the Global Financial Crisis

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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.