David Hargreaves

Stats NZ says the 1.1% rise in economic activity in the September 2025 quarter was broad-based, with increases in 14 out of 16 industries

Stats NZ says the 1.1% rise in economic activity in the September 2025 quarter was broad-based, with increases in 14 out of 16 industries

Fonterra's forecast milk price for farmers in the current season has now been chopped by 10% from the co-operative's opening forecast level; latest reduction sees price trimmed to $9 from $9.50

Fonterra's forecast milk price for farmers in the current season has now been chopped by 10% from the co-operative's opening forecast level; latest reduction sees price trimmed to $9 from $9.50

Following another difficult global dairy auction this week, prices are now at their lowest level in two years, having dropped 25% from the recent peak in May and putting downward pressure on Fonterra's already reduced milk price forecast

Following another difficult global dairy auction this week, prices are now at their lowest level in two years, having dropped 25% from the recent peak in May and putting downward pressure on Fonterra's already reduced milk price forecast

The deficit between what we earn overseas and what we spend has continued to narrow, now to 3.5% of GDP, compared with a level of 9% three years ago; global credit rating agencies should be happy

The deficit between what we earn overseas and what we spend has continued to narrow, now to 3.5% of GDP, compared with a level of 9% three years ago; global credit rating agencies should be happy

Governor Anna Breman says the Reserve Bank 'really has to consider' moving to eight OCR meetings per year - something the bank switched away from 10 years ago

Governor Anna Breman says the Reserve Bank 'really has to consider' moving to eight OCR meetings per year - something the bank switched away from 10 years ago

Statistics NZ's Selected Price Indexes show that food prices dropped 0.4% in November, lowering the annual increase to 4.4% - while rents had their lowest annual increase since at least 2011

Statistics NZ's Selected Price Indexes show that food prices dropped 0.4% in November, lowering the annual increase to 4.4% - while rents had their lowest annual increase since at least 2011

In her first substantial monetary policy communication, Reserve Bank Governor Anna Breman says the RBNZ is 'closely monitoring wholesale market interest rates and their effect on households and businesses'

In her first substantial monetary policy communication, Reserve Bank Governor Anna Breman says the RBNZ is 'closely monitoring wholesale market interest rates and their effect on households and businesses'

Economists are suggesting the RBNZ should provide some guidance on its thinking on interest rates perhaps even ahead of the next Official Cash Rate review, which is not till late February

Economists are suggesting the RBNZ should provide some guidance on its thinking on interest rates perhaps even ahead of the next Official Cash Rate review, which is not till late February

The latest BNZ-Business NZ Performance of Services Sector Index showed that the services industries moved further into contraction in November, 'posing downside risk to even modest growth expectations for early next year'

The latest BNZ-Business NZ Performance of Services Sector Index showed that the services industries moved further into contraction in November, 'posing downside risk to even modest growth expectations for early next year'

GDP figures out in the coming week will likely show a bounce-back in economic activity in the September quarter - but much interest will centre around revisions to the figures for earlier quarters and whether the 'June swoon' really happened

GDP figures out in the coming week will likely show a bounce-back in economic activity in the September quarter - but much interest will centre around revisions to the figures for earlier quarters and whether the 'June swoon' really happened

Latest Reserve Bank figures show a third of owner-occupier mortgage money uplifted from new mortgages in October was on floating rates as home owners seemingly bet on further fixed rate cuts that might not come

Latest Reserve Bank figures show a third of owner-occupier mortgage money uplifted from new mortgages in October was on floating rates as home owners seemingly bet on further fixed rate cuts that might not come

David Hargreaves outlines the things he's watching out for in the coming year - but struggles to see beyond the potential large impact of the election campaign

David Hargreaves outlines the things he's watching out for in the coming year - but struggles to see beyond the potential large impact of the election campaign

Fonterra says it is still on track to complete sale of its Mainland Group business in the first half next year, while reporting slightly reduced first quarter earnings

Fonterra says it is still on track to complete sale of its Mainland Group business in the first half next year, while reporting slightly reduced first quarter earnings

Significant sums are now being pulled from term deposits, while investors are more active in mortgage borrowing this year, Reserve Bank figures show

Significant sums are now being pulled from term deposits, while investors are more active in mortgage borrowing this year, Reserve Bank figures show

It was the year OCR cuts were supposed to kickstart the economy. In the event we probably needed to borrow a big battery and jumper leads. David Hargreaves reviews a suboptimal year

It was the year OCR cuts were supposed to kickstart the economy. In the event we probably needed to borrow a big battery and jumper leads. David Hargreaves reviews a suboptimal year

ANZ chief economist says the improvement in sentiment 'is rooted in an improvement in experienced activity, not just hope'

ANZ chief economist says the improvement in sentiment 'is rooted in an improvement in experienced activity, not just hope'

Stats NZ reports a $472 million inflation-adjusted, seasonally-adjusted increase in volume of retail sales in September quarter with the increase dominated by rises in electronic goods and motor vehicle sales

Stats NZ reports a $472 million inflation-adjusted, seasonally-adjusted increase in volume of retail sales in September quarter with the increase dominated by rises in electronic goods and motor vehicle sales

Reserve Bank Governor says the bank wants to be in the position next year where monetary policy is off the front pages. 'Let everything else drive the economy and we can sit in the back seat'

Reserve Bank Governor says the bank wants to be in the position next year where monetary policy is off the front pages. 'Let everything else drive the economy and we can sit in the back seat'

Future moves in the OCR will depend on how the outlook for medium-term inflation and the economy evolve, the Reserve Bank says; ASB says barring 'nasty surprises' the RBNZ looks 'on hold' now

Future moves in the OCR will depend on how the outlook for medium-term inflation and the economy evolve, the Reserve Bank says; ASB says barring 'nasty surprises' the RBNZ looks 'on hold' now

Fonterra's farmgate milk price forecast has been reduced to $9.50 per kilogram of milk solids from $10 on the back of weaker global prices

Fonterra's farmgate milk price forecast has been reduced to $9.50 per kilogram of milk solids from $10 on the back of weaker global prices

Job ads have now risen by 1% in each of the past four months and are up 7% year-on-year, according to SEEK NZ

Job ads have now risen by 1% in each of the past four months and are up 7% year-on-year, according to SEEK NZ

Kiwibank economists say the economic recovery they anticipated for this year stalled, activity lost momentum 'and Kiwi households and businesses have suffered further'

Kiwibank economists say the economic recovery they anticipated for this year stalled, activity lost momentum 'and Kiwi households and businesses have suffered further'

The experts mostly see the OCR at 2.25%-2.5% in a year's time but have concerns about the possibility of the Reserve Bank over-stimulating the economy.

The experts mostly see the OCR at 2.25%-2.5% in a year's time but have concerns about the possibility of the Reserve Bank over-stimulating the economy.

Reserve Bank virtually compelled to cut interest rates again in the coming week, but it's likely to want to keep its options completely open for the start of next year

Reserve Bank virtually compelled to cut interest rates again in the coming week, but it's likely to want to keep its options completely open for the start of next year

BNZ economists now forecast a farmgate milk price of $9.50 per kilogram of milk solids for the current season, down from $10.25; Fonterra currently forecasting $10

BNZ economists now forecast a farmgate milk price of $9.50 per kilogram of milk solids for the current season, down from $10.25; Fonterra currently forecasting $10