Economic Weekly: European Politics - one up, one down

  • Australian data kick off the short week with Q1 Balance of Payments due early this afternoon and then the RBA makes its policy decision later in the day. 
  • We expect no change from the RBA and a neutral policy message. Overnight, we expect a modest price increase at the GlobalDairyTrade auction.  Q1 Australian GDP then highlights Wednesday. 
  • However, financial markets are likely to remain focused on European political developments following the last-minute deal to form an Italian government and the ousting of Spanish Prime Minister Mariano Rajoy.  


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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.