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David Hargreaves

About

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.

Member for

12 years 8 months

Latest articles

UBS analysts anticipate that the Australian banks will likely respond over time to the card surcharges removal by raising cardholder fees, reducing rewards on credit cards, and potentially increasing interest rates
17th Jul 25, 5:20pm
UBS analysts anticipate that the Australian banks will likely respond over time to the card surcharges removal by raising cardholder fees, reducing rewards on credit cards, and potentially increasing interest rates
Investment researcher Morningstar says the Aussie banks are overpriced - but ANZ represents the best value despite risks hanging over it
17th Jul 25, 5:13pm
Investment researcher Morningstar says the Aussie banks are overpriced - but ANZ represents the best value despite risks hanging over it
Statistics NZ's Selected Price Indexes show that food prices rose 1.2% in June and the annual increase was the highest since December 2023; rent prices, however, had their lowest annual increase since 2011; CPI to be announced on Monday
17th Jul 25, 11:16am
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Statistics NZ's Selected Price Indexes show that food prices rose 1.2% in June and the annual increase was the highest since December 2023; rent prices, however, had their lowest annual increase since 2011; CPI to be announced on Monday
[updated]
Electronic cards data for June shows that retail spending rose for the first time in four months in June, boosted by a lift in durables and apparel spending, but retailers are reporting that 60% of them did not meet sales targets in the June quarter
14th Jul 25, 11:18am
Electronic cards data for June shows that retail spending rose for the first time in four months in June, boosted by a lift in durables and apparel spending, but retailers are reporting that 60% of them did not meet sales targets in the June quarter
[updated]
New Zealand's services sector contracts for fifth consecutive month - has seen only one month of 'minimal' expansion in the last 16; BNZ economists see 0.2% fall in GDP for June quarter
14th Jul 25, 10:53am
30
New Zealand's services sector contracts for fifth consecutive month - has seen only one month of 'minimal' expansion in the last 16; BNZ economists see 0.2% fall in GDP for June quarter
The Australian Competition and Consumer Commission has cleared French company Lactalis to buy Fonterra's up-for-sale consumer business
10th Jul 25, 2:47pm
The Australian Competition and Consumer Commission has cleared French company Lactalis to buy Fonterra's up-for-sale consumer business
New proposed anti-money laundering measures include banning crypto ATM machines and limits on overseas cash transfers
9th Jul 25, 3:24pm
5
New proposed anti-money laundering measures include banning crypto ATM machines and limits on overseas cash transfers
[updated]
Latest monthly RBNZ figures show that in May, a third of the new mortgages taken out were on floating terms; homeowners are still waiting for more OCR cuts
9th Jul 25, 9:37am
5
Latest monthly RBNZ figures show that in May, a third of the new mortgages taken out were on floating terms; homeowners are still waiting for more OCR cuts
The country's largest bank says overall spending is probably flat in the past year after inflation, but it is starting to recover, slowly
8th Jul 25, 1:48pm
1
The country's largest bank says overall spending is probably flat in the past year after inflation, but it is starting to recover, slowly
A majority of the NZIER's 'Shadow Board' of experts recommend keeping the Official Cash Rate unchanged this week - but there's a variety of opinions on what should come next
7th Jul 25, 10:47am
A majority of the NZIER's 'Shadow Board' of experts recommend keeping the Official Cash Rate unchanged this week - but there's a variety of opinions on what should come next
The Reserve Bank will likely end a sequence of six consecutive cuts to the Official Cash Rate in the coming week - but we've probably not seen the end of the rate reductions yet
6th Jul 25, 6:01am
9
The Reserve Bank will likely end a sequence of six consecutive cuts to the Official Cash Rate in the coming week - but we've probably not seen the end of the rate reductions yet
Latest Reserve Bank figures show that while mortgage interest rates have been falling the amounts of stressed housing lending are still going up
2nd Jul 25, 2:35pm
6
Latest Reserve Bank figures show that while mortgage interest rates have been falling the amounts of stressed housing lending are still going up
ANZ chief economist Sharon Zollner says the business environment continues to be difficult for many
30th Jun 25, 1:23pm
3
ANZ chief economist Sharon Zollner says the business environment continues to be difficult for many
Monthly filled jobs data shows a slight rise in May, but figures for the previous two months have been revised down; the primary sector is a ray of sunshine in a gloomy labour market
30th Jun 25, 11:26am
15
Monthly filled jobs data shows a slight rise in May, but figures for the previous two months have been revised down; the primary sector is a ray of sunshine in a gloomy labour market
ASB economists say the Reserve Bank is closer to the end of its 'easing cycle' than they had previously judged
26th Jun 25, 3:04pm
4
ASB economists say the Reserve Bank is closer to the end of its 'easing cycle' than they had previously judged
Forsyth Barr analysts say Fletcher Building's net debt must halve and - assuming there's no asset sales - this won't happen till the 2028 financial year
26th Jun 25, 8:43am
2
Forsyth Barr analysts say Fletcher Building's net debt must halve and - assuming there's no asset sales - this won't happen till the 2028 financial year
Forsyth Barr's conducted what it believes to be NZ's largest business survey and says it paints a clear picture of businesses seeing improvement in demand and expecting the year ahead to be better than the past one
26th Jun 25, 7:21am
6
Forsyth Barr's conducted what it believes to be NZ's largest business survey and says it paints a clear picture of businesses seeing improvement in demand and expecting the year ahead to be better than the past one
The primary sector is continuing to provide bumper exports, which saw New Zealand record a monthly goods trade surplus of over $1.2 billion in May
25th Jun 25, 12:11pm
1
The primary sector is continuing to provide bumper exports, which saw New Zealand record a monthly goods trade surplus of over $1.2 billion in May
David Hargreaves has a look back at the first half of 2025 and hopes that we haven’t already seen the best part of the expected economic recovery this year
25th Jun 25, 9:04am
15
David Hargreaves has a look back at the first half of 2025 and hopes that we haven’t already seen the best part of the expected economic recovery this year
Ailing construction giant Fletcher Building has signposted potential writedowns of up to $780 million in its financial year about to end
24th Jun 25, 9:28am
6
Ailing construction giant Fletcher Building has signposted potential writedowns of up to $780 million in its financial year about to end
ANZ economists still believe greater stimulus will be needed for the economy from the Reserve Bank and say the Official Cash Rate will be lowered to 2.5%
24th Jun 25, 8:11am
10
ANZ economists still believe greater stimulus will be needed for the economy from the Reserve Bank and say the Official Cash Rate will be lowered to 2.5%
Westpac's chief economist Kelly Eckhold says the Reserve Bank will be keeping a close eye on which of the 'competing growth and inflation drivers' will dominate over the rest of the year
23rd Jun 25, 12:07pm
2
Westpac's chief economist Kelly Eckhold says the Reserve Bank will be keeping a close eye on which of the 'competing growth and inflation drivers' will dominate over the rest of the year
The economy grew for the second successive quarter following the sharp contraction seen during last year
19th Jun 25, 10:51am
9
The economy grew for the second successive quarter following the sharp contraction seen during last year
The economy looked like it was picking up, now it looks like maybe it isn't, but inflation definitely is picking up. What do we do? And where is our timely economic data?
18th Jun 25, 11:37am
8
The economy looked like it was picking up, now it looks like maybe it isn't, but inflation definitely is picking up. What do we do? And where is our timely economic data?
The deficit between what we earn overseas and what we spend remains at levels generally seen as too high but has reduced by more than economists were forecasting
18th Jun 25, 11:13am
The deficit between what we earn overseas and what we spend remains at levels generally seen as too high but has reduced by more than economists were forecasting