Economic Weekly: Flatliners and Airplane
- In NZ, a large degree of spare capacity exists
- The outlook for the OCR rests a lot on whether ‘just’ one more cut of 25bp will be enough – along with all the lagged cashflow boosts – to quickly absorb that capacity or whether deeper cuts are needed
- This week’s labour market data are a litmus gauge of how much labour capacity there is at present, as well as the extent to which wage-related inflation pressures are slowing
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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.
- Email: Mark