A senior journalist and news editor with interest.co.nz, David Hargreaves has covered financial markets and economics both in New Zealand and Britain for longer than he cares to mention.
RBNZ figures show further rises in troubled housing loans, while SME loan stress is increasing sharply, non-performing commercial property loans have gone past half a billion dollars and system-wide non-performing loans have topped $4 billion
RBNZ figures show further rises in troubled housing loans, while SME loan stress is increasing sharply, non-performing commercial property loans have gone past half a billion dollars and system-wide non-performing loans have topped $4 billion
Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures
Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures
Dairy giant Fonterra has paid its shareholder farmers a 15c interim dividend and now narrowed its forecast milk price range - although the 'midpoint' for this is still $7.80
Dairy giant Fonterra has paid its shareholder farmers a 15c interim dividend and now narrowed its forecast milk price range - although the 'midpoint' for this is still $7.80
A review of things you need to know before you sign off on Wednesday; A mortgage tweak, the somewhat less-squeezed middle, The Warehouse struggles, building consent delays targeted, swaps down, NZD still drifting, & more
A review of things you need to know before you sign off on Wednesday; A mortgage tweak, the somewhat less-squeezed middle, The Warehouse struggles, building consent delays targeted, swaps down, NZD still drifting, & more
A review of things you need to know before you sign off on Tuesday; SBS ends six-month TD 6.5% special, Westpac's online gambling block, Kathmandu sales slump, hybrid tweak for road user charges, swaps static, NZD drifts, & more
A review of things you need to know before you sign off on Tuesday; SBS ends six-month TD 6.5% special, Westpac's online gambling block, Kathmandu sales slump, hybrid tweak for road user charges, swaps static, NZD drifts, & more
A review of things you need to know before you sign off on Monday; TD ups and downs for Kiwibank, limp auction market still, services in expansion mode, housing market 'primed for takeoff', swaps up, NZD marks time & more
A review of things you need to know before you sign off on Monday; TD ups and downs for Kiwibank, limp auction market still, services in expansion mode, housing market 'primed for takeoff', swaps up, NZD marks time & more
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
Reserve Bank figures are showing rising levels of non-performing housing loans. What we all want to know is whether we are now seeing the full extent of the pressure caused by high interest rates - or whether the problems may be just starting
Reserve Bank figures are showing rising levels of non-performing housing loans. What we all want to know is whether we are now seeing the full extent of the pressure caused by high interest rates - or whether the problems may be just starting
Stats NZ says the volume of residential building work dropped 2.4% on a seasonally adjusted basis in the December quarter - but non-residential construction rose 4.6%
Stats NZ says the volume of residential building work dropped 2.4% on a seasonally adjusted basis in the December quarter - but non-residential construction rose 4.6%
Household spending data shows that - not unsurprisingly - food has been a big contributor to increased costs, while we've been trying to save with decreased spending on communication and recreation
Household spending data shows that - not unsurprisingly - food has been a big contributor to increased costs, while we've been trying to save with decreased spending on communication and recreation
Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
Kiwibank economists say that after some 'ferocious barking' and 'a lot of huffing and puffing' about potential interest rate hikes, the RBNZ has 'stripped off their wolf skin'
Kiwibank economists say that after some 'ferocious barking' and 'a lot of huffing and puffing' about potential interest rate hikes, the RBNZ has 'stripped off their wolf skin'
Latest RBNZ figures show non-performing housing loans rose by $161 million in January and have increased by $721 million over the past 12 months; non-performing housing loan ratio hits a 10-year-high
Latest RBNZ figures show non-performing housing loans rose by $161 million in January and have increased by $721 million over the past 12 months; non-performing housing loan ratio hits a 10-year-high
ANZ economists continue to think there’s a high chance that forthcoming data will show more work needs to be done by the Reserve Bank to return inflation to its target in an acceptable time frame
ANZ economists continue to think there’s a high chance that forthcoming data will show more work needs to be done by the Reserve Bank to return inflation to its target in an acceptable time frame
Reserve Bank leaves Official Cash Rate unchanged at 5.5% and says risks to the inflation outlook are now 'more balanced' but there is a limit to its ability to 'tolerate upside inflation surprises'
Reserve Bank leaves Official Cash Rate unchanged at 5.5% and says risks to the inflation outlook are now 'more balanced' but there is a limit to its ability to 'tolerate upside inflation surprises'
Latest mortgage figures from the Reserve Bank suggest first home buyers might have reached their limit in terms of market share, while investors might be showing some signs of life
Latest mortgage figures from the Reserve Bank suggest first home buyers might have reached their limit in terms of market share, while investors might be showing some signs of life
Latest monthly figures from the Reserve Bank reveal it boosted its 'foreign currency intervention capacity' by a further NZ$810 million last month - and it doesn't look to be finished
Latest monthly figures from the Reserve Bank reveal it boosted its 'foreign currency intervention capacity' by a further NZ$810 million last month - and it doesn't look to be finished