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Bernard Hickey's picture

Bernard is a senior contributing editor of interest.co.nz. Until September 30, 2012 he was the managing editor. He worked for 18 years for Reuters, the FT Group and Fairfax as a financial journalist and editor. He is now the publisher of Hive News.
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Articles by Bernard Hickey


Bernard's Top 10 at 10

Bill Gross' US$290 mln bonus for failing; Russell Brand and the Tory landlord; Taxing carbon and the end of the world; Germany's housing solution; A salmon cannon; Dilbert

Labour elects Little as leader

Updated
Labour Party elects Andrew Little as leader; clears way for Labour to drop Capital Gains Tax and later age of eligibility for NZ Super; union support gives Little tight win over Robertson

Amazingly disastrous Auckland

Bernard Hickey looks inside the RBNZ's Financial Stability Report & finds out just how much Auckland's housing market dictates NZ's finances

Bernard's Top 10

Britain's rise of the machines and 10 million missing jobs; Here comes Xi; Just study the ABs; London's sociopathic City bankers; Clarke and Dawe; Dilbert

RBNZ eyes house price 'speed limit'

RBNZ's Wheeler says wouldn't want to see house price inflation faster than household income growth of around 5%; repeats that NZ house price ratios are 65% above long term averages

Wheeler says Auckland now "not a bubble"

Updated
Wheeler says Auckland house price inflation of 8.5% now "not a bubble", but would have been at over 20% without LVRs; rejects talk LVRs hit first home buyers and regions much harder; calls for more Auckland housing supply

RBNZ keeps LVR handbrake on

Updated
RBNZ leaves high LVR speed limit in place for now because of risk of resurgence of house price inflation; warns of risks from dairy debt and China slowdown; Labour blames National for LVR staying

Rein in the rentiers too

Bernard Hickey argues the Reserve Bank should press on with tougher capital rules for loans to landlords with more than five properties

Tax receipts better than forecast

Updated
Budget position healthier than expected in first 3 mths of 2014/15, but English cautions achieving surplus target still challenging on low nominal GDP growth

Bernard's Top 10 at 10

China's demographic cliff; 'Print like there's no tomorrow to drag rates below zero'; Why the public is usually wrong; John Oliver vs John Key and Big Sugar; Dilbert

English flags new outsourcing reforms

English announces plans for 'social investment' reforms in Budget 2015 that may lead to wider Whanau Ora-style outsourcing of education, employment services to community groups

RBNZ delays rental property loan move again

RBNZ delays plan to require banks to hold more capital for mortgages to rental property investors with more than five properties until first half of 2015

Trapped in a low inflation vice

Councils, Govt trapped in political vice of low inflation expectations as they grapple with funding infrastructure investments, Bernard Hickey says

English reminds savers of no guarantee

English reminds term deposit savers there is no Government Guarantee and fends off Winston Peters' call for deposit insurance, but says in talks with Australia

RBNZ drops talk of future rate hikes

Updated
RBNZ drops comment on further rate hikes in dovish statement; warns again on high NZ$; currency and swaps fall further; economists react; Greens attack RBNZ

Key warns of big pay equity costs

Key says Government considering budget costs of pay equity ruling; could add "hundreds of millions" in costs; BusinessNZ suggests law change

Roost Home Loan Affordability report for September

NZ home loan affordability flat as house prices stagnate

When a 'demographic dividend' becomes a 'demographic drag'

Bernard Hickey looks at whether a demographic dividend for the economy over the last 50 years is about to turn into a demographic drag

OCR seen on hold until Sept 2015

Updated
CPI up just 0.3% in Sept qtr and 1.0% for the year; well below economists' forecasts; NZ$ drops half a cent to 78.7 USc; OCR seen firmly on hold until September 2015

Bernard's Top 10

How the young are priced out of Britain; Young UK workers' wages down 15% since 2007; ECAN's high nitrate levels; An Ebola effect?; The amazing magic leap machine; Dilbert