Economic Weekly: RBNZ up while BoE tries to keep the lid on

  • We’ll be focusing on the RBNZ this week and a bit on the RBA’s rate announcement, although there may also continue to be a lot of looking sideways at the UK
  • We expect the RBNZ to lift the OCR 50bp this Wednesday afternoon, and to make similar noises about raising the OCR until it is “confident there is sufficient restraint” in place and being “resolute” in meeting its remit
  • You can get more detail in our preview, but that is the guts of what we expect the statement and summary notes of the Monetary Policy Committee meeting to say

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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.