Economic Weekly: Entering into a price-wage spiral?

  • Last week we witnessed the continuation of labour shortages in New Zealand, as depicted in the labour market data released on Wednesday
  • Tightness in the labour market is also one of the major reasons why inflation could take longer than anticipated to cool down and move towards the inflation target rate band of 1-3%
  • With economic growth slowing down and headwinds creeping in one after the other, the RBNZ has a tough task ahead of them to curb inflation while also engineering a soft landing 

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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.