Economic Weekly: Pre-Christmas miracle

  • The November lift in the ANZ business confidence survey confirms confidence has at a minimum stabilised, and hopefully marks the first step towards a steady recovery.
  • To celebrate the good news, we have scrubbed out one of our forecast 25bp OCR cuts and now only expect one further cut in 2020.
  • On Thursday this week the RBNZ will reveal its final decision on bank minimum capital requirements.

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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.