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Economic Weekly: Monetary Poker

  • The RBNZ played a bit of “I’ll see your 50”, with its second cut of the easing cycle matching the US Fed’s recent move for size
  • The RBNZ debated the merits of cutting by 25bp or 50bp and concluded that a 50bp cut was “at this time” both consistent with its inflation objective and avoiding unnecessary instability in the economy and interest rates
  • The RBNZ had its poker face on when it came to signals over the future pace of OCR cuts

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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.