Economic Weekly: Record Lowe's

  • New Zealand interest rates touched record lows last week.
  • Our CBA colleagues now expect the RBA to cut the Australian cash rate by 50bps over 2019  and the US Federal Reserve is also expected to start cutting the Fed Funds rate from later this year.
  • We don’t envisage any changes to loan-to-value restrictions at Wednesday’s RBNZ Financial Stability Report; Budget 2019 on Thursday is expected to be a prudent one.

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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.