Economic Weekly: RBNZ to reaffirm easing bias

  • This week, we have the Reserve Bank of New Zealand (RBNZ) June OCR review on Wednesday followed by the latest monthly business outlook survey on Thursday.
  • The RBNZ is widely expected to leave the OCR on hold but the risk is that recent offshore events trigger an aggressive move from the central bank.
  • On Page 2, we take a closer look at changes in foreign buyer share of housing market transactions on a regional basis following the introduction of restrictions on non-resident housing purchases in NZ.

Contact us

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.