Economic Weekly: Doves come home to roost

  • In a dovish surprise, the Reserve Bank (RBNZ) moved last week to a clear easing bias.
  • This week, the RBA chimes in with its interest rate announcement and market pricing suggests the RBA could join the RBNZ and offshore brethren in moving to an easing bias.
  • The local highlight is the Quarterly Survey of Business Opinion and on the business sentiment front, we are wary of a further fall from already-weak levels.

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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.