Christian Hawkesby

About

Christian Hawkesby runs Harbour Asset Management's fixed income business.

He spent 9 years at the Bank of England, where he held a number of senior positions, including Head of Market Intelligence, Chief Manager of the Sterling Markets Division, and Private Secretary to the Deputy Governor.

He began his career at the RBNZ in 1998, where he spent time as both an analyst in the NZ cash, fixed income and FX markets, and as an economist running the RBNZ macroeconomic model.

Member for

8 years 7 months

Latest articles

Calculating the risks

Harbour Asset Management pinpoints 10 key risks to look out for in the New Year

18th Dec 18, 12:15pm

by Christian Hawkesby

Harbour Asset Management pinpoints 10 key risks to look out for in the New Year

Regime change at the RBNZ

Christian Hawkesby suggests the new Adrian Orr-led regime at the Reserve Bank may result in increased volatility in interest rates and foreign exchange markets

16th Aug 18, 9:53am

by Christian Hawkesby

Christian Hawkesby suggests the new Adrian Orr-led regime at the Reserve Bank may result in increased volatility in interest rates and foreign exchange markets

Interest Rate Cycles: Endings and Beginnings

Like everyone else, Harbour Asset Management's Christian Hawkesby is looking for the point where the sustainable growth rate matches the official policy interest rate. That's the clue for rate directions

16th Jun 18, 9:22am

by Christian Hawkesby

A new NZ government: Financial market implications

Harbour Asset Management's Christian Hawkesby sees some scope for policy to be more adventurous over time under the new government

20th Oct 17, 3:02pm

by Christian Hawkesby

Harbour Asset Management's Christian Hawkesby sees some scope for policy to be more adventurous over time under the new government

Big fiscal policy shadow over next OCR move

Fiscal policy looks key to whether the next Official Cash Rate move is down or up, Harbour Asset Management's Christian Hawkesby says; If OCR moves inside 12 months, it will be a cut; If RBNZ holds for a year, next move should be up

25th Aug 17, 9:51am

by Christian Hawkesby

Labour's mainstream monetary policy proposals

Labour's monetary policy proposals are mainstream and would bring the RBNZ in line with other central banks, Harbour Asset Management's Christian Hawkesby says

12th Apr 17, 12:02pm

by Christian Hawkesby

Labour's monetary policy proposals are mainstream and would bring the RBNZ in line with other central banks, Harbour Asset Management's Christian Hawkesby says

What could unconventional monetary policy look like in NZ?

Christian Hawkesby looks at lessons from unconventional monetary policy for New Zealand

31st Aug 16, 7:55am

by Christian Hawkesby

Christian Hawkesby looks at lessons from unconventional monetary policy for New Zealand

A test of inflation targeting credibility?

Christian Hawkesby reviews the awkward judgement the RBNZ is facing. He prefers a lower OCR, but notes the alternative approaches available

20th Feb 16, 5:02am

by Christian Hawkesby

Christian Hawkesby reviews the awkward judgement the RBNZ is facing. He prefers a lower OCR, but notes the alternative approaches available

Friday's guest Top 10

Christian Hawkesby on the conventional and scientific US Fed, missing inflation, the falling oil price, the fall of bond king Bill Gross, Dilbert & more

19th Dec 14, 10:00am

by Christian Hawkesby

Christian Hawkesby on the conventional and scientific US Fed, missing inflation, the falling oil price, the fall of bond king Bill Gross, Dilbert & more

What Scottish independence may mean

How a Scottish 'yes' vote may impact the forex, funding, equity and credit markets and Europe

15th Sep 14, 10:51am

by Christian Hawkesby

How a Scottish 'yes' vote may impact the forex, funding, equity and credit markets and Europe

RBNZ's 'period of prudent assessment'

Christian Hawkesby says global markets will focus on the need for a cue on the US Federal Reserve's post QE roadmap

10th Sep 14, 1:48pm

by Christian Hawkesby

Christian Hawkesby says global markets will focus on the need for a cue on the US Federal Reserve's post QE roadmap

Friday's guest Top 10

Christian Hawkesby on NZ houses as affordable as in 1985, complicated labour markets, France's need for reform, term deposits, Dilbert & more

29th Aug 14, 10:30am

by Christian Hawkesby

Christian Hawkesby on NZ houses as affordable as in 1985, complicated labour markets, France's need for reform, term deposits, Dilbert & more

Friday's guest Top 10

Christian Hawkesby on the future of neutral interest rates, migration, measuring spare US capacity, Bernanke's 'courage and grit', EU sceptic populism, Dilbert & more

30th May 14, 10:30am

by Christian Hawkesby

Christian Hawkesby on the future of neutral interest rates, migration, measuring spare US capacity, Bernanke's 'courage and grit', EU sceptic populism, Dilbert & more

A time to QE taper but not tighten

Christian Hawkesby examines the US Fed announcement to taper QE3 and what this means for markets

19th Dec 13, 11:32am

by Christian Hawkesby

Christian Hawkesby examines the US Fed announcement to taper QE3 and what this means for markets

What will change at the US Fed mean?

Christian Hawkesby says incoming Fed chairman Janet Yellen has the best economic forecasting record since the GFC among voting FOMC members

3rd Dec 13, 4:01pm

by Christian Hawkesby

Christian Hawkesby says incoming Fed chairman Janet Yellen has the best economic forecasting record since the GFC among voting FOMC members

Friday's guest Top 10

Friday's Top 10: Christian Hawkesby on RBNZ speed and determination, secular stagnation, German aversion, feeding the world, Dilbert and more

22nd Nov 13, 10:02am

by Christian Hawkesby

Friday's Top 10: Christian Hawkesby on RBNZ speed and determination, secular stagnation, German aversion, feeding the world, Dilbert and more

US default disaster diverted

Christian Hawkesby believes we are entering a period where it may be harder than usual to gauge the performance of the US economy

17th Oct 13, 12:13pm

by Christian Hawkesby

Christian Hawkesby believes we are entering a period where it may be harder than usual to gauge the performance of the US economy

Debt ceiling déjà vu

Republicans stubbornly trying to get Obamacare repealed in US budget despite their previous 40 attempts failing

1st Oct 13, 12:27pm

by Christian Hawkesby

Republicans stubbornly trying to get Obamacare repealed in US budget despite their previous 40 attempts failing

Race to be US Fed Chairman narrows

Leading contender Lawrence Summers withdraws leaving Janet Yellen as odds-on favourite to be next Fed Chairman

16th Sep 13, 12:07pm

by Christian Hawkesby

Leading contender Lawrence Summers withdraws leaving Janet Yellen as odds-on favourite to be next Fed Chairman

Bond market momentum, valuation & risks

The recent upward momentum in bond yields and current valuations are two strong opposing forces working against each other

13th Aug 13, 2:41pm

by Christian Hawkesby

The recent upward momentum in bond yields and current valuations are two strong opposing forces working against each other

The threat of inflation or deflation

Opinion: With inflation expectations 'anchored', major central banks err on the side of providing too much stimulus rather than too little

8th May 13, 6:10am

by Christian Hawkesby

Opinion: With inflation expectations 'anchored', major central banks err on the side of providing too much stimulus rather than too little

The ramifications of Japan's money printing

Opinion: Bank of Japan raises the stakes in the currency wars, in the fight for a sustainable global economic recovery, and in navigating an exit from quantitative easing

8th Apr 13, 12:17pm

by Christian Hawkesby

Opinion: Bank of Japan raises the stakes in the currency wars, in the fight for a sustainable global economic recovery, and in navigating an exit from quantitative easing

Government bonds back in demand

Christian Hawkesby sees strong demand in the secondary market ahead of the lengthening in the duration of the NZ Government Stock Index

3rd Apr 13, 3:46pm

by Christian Hawkesby

Christian Hawkesby sees strong demand in the secondary market ahead of the lengthening in the duration of the NZ Government Stock Index

Currency wars and the NZ economy

Christian Hawkesby notes everyone is talking about 'currency wars'; with more consumption and investment the NZ economy is 'accelerating'

14th Feb 13, 5:25pm

by Christian Hawkesby

Christian Hawkesby notes everyone is talking about 'currency wars'; with more consumption and investment the NZ economy is 'accelerating'