Economic Weekly: When doves hike
- The RBNZ delivered a much-expected 25bp rate hike on Wednesday but managed to throw in some surprises at the same time
- Notably, the MPS read dovish, with the word “gradual” repeated about 20 times in the statement
- Upside risks to inflation are still very live, but the RBNZ thinks it is on track to get inflation back to 2% in 2027
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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.
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Email: Mark