Economic Weekly: RBNZ puts on its rose-tinted glasses

  • The RBNZ surprised financial markets by deciding to leave the OCR unchanged on Wednesday afternoon last week.
  • The RBNZ has subsequently signalled it has a high threshold for further OCR cuts.
  • Focus over the next few months now turns to business confidence, NZ economic data, offshore events (in particular US-China trade war developments) and the Government’s Half Year Economic and Fiscal Update.

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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.