Economic Weekly: Painting the interest rate picture

  • We are pretty comfortable with our view that the RBNZ has lifted the OCR high enough to get inflation under control in a comfortable enough timeframe
  • Even so, the overall picture can be subtly altered by the small brushstrokes of minor data out this week, even as the bold outlines from the major data give a reasonably clear idea of the outlook
  • The most tangible sign to date that the economy is past its worst point is the gradual pick-up in the housing market we've seen over the past five months

Contact us

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.