Economic Weekly: RBNZ throws caution to the wind, Anchor gets cut loose
- The RBNZ has indicated it will cut the OCR even further, after delivering last week’s expected 25bp cut to 3%
- We saw in the preceding decisions a degree of angst about the implications from the current spike in inflation for keeping a lid on inflation over the medium term
- That caution has been cast aside to a large extent, as the RBNZ is a lot more confident that spare capacity – including unemployed seeking work – will take care of any lingering impacts
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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.
- Email: Mark