Economic Weekly: Lower National, flat Labour, higher unemployment

  • As the month rolled into November, the attention moved quickly from some sporting event in Europe to the last major data out in NZ ahead of the RBNZ's interest rate decision at the end of this month: the labour data
  • And the results joined a run of data suggesting there is no need for the RBNZ to lift the OCR any further in this tightening cycle, though that is where the skew of risks will remain for the time being
  • The pressures in the tight labour market are easing

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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.