Economic Weekly: RBNZ sticks to its core role

  • The RBNZ lifted the OCR by 50bp, as widely expected by the mainstream economics community and by financial markets
  • However, the lead-up to the announcement in the wake of Cyclone Gabrielle did bring a spotlight on what the RBNZ’s role is when faced with major natural disasters
  • The question that was understandably being asked was: should the RBNZ be lifting the OCR in the wake of such an event?

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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.