Economic Weekly: Inflation to peak, but slow descent ahead

  • The most important event of the week is the RBNZ’s highly anticipated interest rate hike on Wednesday
  • Ahead of that, the data out last week won’t have swayed the RBNZ away from its strong hint for a 50bp OCR increase
  • The Q2 Quarterly Survey of Business Opinion from the NZIER, released last Tuesday, was in line with our expectations

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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.