RBNZ Survey of Expectations – Q2 2024

  • Shorter-term inflation expectations continued to trend lower in Q2.  Meanwhile, longer terms were largely unchanged
  • The RBNZ will be pleased to see inflation expectations broadly drifting lower to levels that are more consistent with the RBNZ’s 1-3% inflation target
  • Nevertheless, today’s Selected Price Indices reinforced that there are still pockets of inflation pressures evident and the RBNZ will be wary to move too soon.  We don’t expect OCR cuts will be delivered until early 2025

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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.