Economic Weekly: RBNZ still galloping while RBA slows to a trot

  • The RBNZ’s commitment to swiftly lifting the OCR remained evident last Wednesday in the statement that accompanied the fifth consecutive 50bp OCR increase
  • All the recent messages around increasing the OCR at pace, being resolute, and committed to getting inflation under control remained
  • Moreover, the RBNZ’s Monetary Policy Committee was a bit more explicit in mulling the merits of a 75bp hike, before ultimately determining another 50bps lift was the best course of action

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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.