Delta variant throws a curveball

About a week after the Government’s indication of how it plans to ease open the border, and on the eve of the RBNZ’s pivotal monetary policy announcement, the game abruptly changed.  COVID is no respecter of the best-laid plans of mice and humans.  So here we are, back into the strictest lockdown settings that we have not needed since the initial outbreak.  It will be tough for many, but we have learnt crucial lessons from Australia about the pitfalls of dallying.  NSW’s chances of eliminating its outbreak are vanishing quickly and it is in a drag race to get people vaccinated to contain growing pressure on its health system.  Our L4 looks likely to be extended at today’s announcement.

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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.