Economic Weekly: RBNZ’s positive economic diagnosis despite virus

  • The RBNZ surprised us and markets last week with a relatively upbeat assessment of the economic outlook.
  • Following the announcement, we changed our OCR view and now expect it to remain at 1% until 2022, followed by a series of mild OCR hikes. 
  • The coronavirus is likely to remain the main market theme this week.

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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.