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.
David Hargreaves
Latest articles
Soaring levels of business confidence in the wake of interest rate cuts have got the economists wondering how quickly the country's economy might get rolling again
3rd Sep 24, 1:15pm
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Soaring levels of business confidence in the wake of interest rate cuts have got the economists wondering how quickly the country's economy might get rolling again
Latest RBNZ figures show the total of non-performing housing loans has now risen above $2 billion and is at levels not seen since the aftermath of the Global Financial Crisis
3rd Sep 24, 9:53am
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Latest RBNZ figures show the total of non-performing housing loans has now risen above $2 billion and is at levels not seen since the aftermath of the Global Financial Crisis
Centrix says company liquidations are continuing to rise with the manufacturing sector most affected over the past year
3rd Sep 24, 5:00am
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Centrix says company liquidations are continuing to rise with the manufacturing sector most affected over the past year
Households plunged an extra $2 billion into term deposits in July as they sought to take advantage of high interest rates ahead of anticipated reductions in the rates
2nd Sep 24, 11:56am
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Households plunged an extra $2 billion into term deposits in July as they sought to take advantage of high interest rates ahead of anticipated reductions in the rates
[updated]
'Things are looking up, albeit from a pretty dark place for many firms', says ANZ; Finance Minister says the survey shows businesses 'are feeling a whole lot better about the future'
29th Aug 24, 1:36pm
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'Things are looking up, albeit from a pretty dark place for many firms', says ANZ; Finance Minister says the survey shows businesses 'are feeling a whole lot better about the future'
Our national airline is not providing any profit guidance for the new financial year in which it expects the 'tougher economic backdrop' of the past year to continue
29th Aug 24, 9:50am
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Our national airline is not providing any profit guidance for the new financial year in which it expects the 'tougher economic backdrop' of the past year to continue
Latest monthly figures from the Reserve Bank reveal our central bank now has over NZ$22 billion worth of 'foreign currency intervention' capacity
28th Aug 24, 3:22pm
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Latest monthly figures from the Reserve Bank reveal our central bank now has over NZ$22 billion worth of 'foreign currency intervention' capacity
HSBC economist Paul Bloxham is suggesting ways New Zealand could reclaim the former superstar status he bestowed upon us
28th Aug 24, 2:48pm
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HSBC economist Paul Bloxham is suggesting ways New Zealand could reclaim the former superstar status he bestowed upon us
Employment enters weakest period since the Global Financial Crisis with the number of filled jobs down 0.5% on the same time a year ago
28th Aug 24, 1:13pm
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Employment enters weakest period since the Global Financial Crisis with the number of filled jobs down 0.5% on the same time a year ago
Latest quarterly Reserve Bank figures show now the long-expected DTI limits are finally with us, we can actually forget all about them - for the moment
28th Aug 24, 10:17am
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Latest quarterly Reserve Bank figures show now the long-expected DTI limits are finally with us, we can actually forget all about them - for the moment
'We see recent falls in mortgage rates as more about preventing a deeper correction in house prices than providing the fuel for an immediate lurch higher'
28th Aug 24, 8:50am
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'We see recent falls in mortgage rates as more about preventing a deeper correction in house prices than providing the fuel for an immediate lurch higher'
Latest Reserve Bank mortgage figures show investors came close to overtaking first home buyers in the month of July
26th Aug 24, 3:52pm
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Latest Reserve Bank mortgage figures show investors came close to overtaking first home buyers in the month of July
Now that interest rates are officially on the way down, David Hargreaves has a crunch of some numbers that might help us to determine when the economy will pick up again
25th Aug 24, 6:30am
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Now that interest rates are officially on the way down, David Hargreaves has a crunch of some numbers that might help us to determine when the economy will pick up again
Kiwibank grows its lending book 9.3% to $32.4 billion and says it is up for the challenge of 'taking on' the big four banks
22nd Aug 24, 9:04am
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Kiwibank grows its lending book 9.3% to $32.4 billion and says it is up for the challenge of 'taking on' the big four banks
Fletcher Building hires Jarden to look at options for its residential business as the group reports a $227 million loss for the June financial year
21st Aug 24, 10:37am
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Fletcher Building hires Jarden to look at options for its residential business as the group reports a $227 million loss for the June financial year
BNZ head of research Stephen Toplis says it will take till 2029 for per capita GDP to return to previous levels
19th Aug 24, 2:36pm
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BNZ head of research Stephen Toplis says it will take till 2029 for per capita GDP to return to previous levels
While service sector activity recovered a little last month from the 'horrendous' June results, the Performance of Services Index is still below the levels seen during the Global Financial Crisis
19th Aug 24, 11:36am
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While service sector activity recovered a little last month from the 'horrendous' June results, the Performance of Services Index is still below the levels seen during the Global Financial Crisis
David Hargreaves says it might be in everyone's best interests if the Reserve Bank finds a less blunt way of communicating its thoughts on the future levels of the Official Cash Rate
18th Aug 24, 6:30am
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David Hargreaves says it might be in everyone's best interests if the Reserve Bank finds a less blunt way of communicating its thoughts on the future levels of the Official Cash Rate
[updated]
Statistics NZ says food prices rose 0.6% in the year to July; annual rental growth of 4.3% is the slowest rate of growth since November 2023
15th Aug 24, 11:26am
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Statistics NZ says food prices rose 0.6% in the year to July; annual rental growth of 4.3% is the slowest rate of growth since November 2023
The latest quarterly Household Expectations Survey for the Reserve Bank finds households still see inflation above the RBNZ's 1% to 3% target in two years' time, and they are less optimistic about chances of being able to get another job
15th Aug 24, 10:15am
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The latest quarterly Household Expectations Survey for the Reserve Bank finds households still see inflation above the RBNZ's 1% to 3% target in two years' time, and they are less optimistic about chances of being able to get another job
Reserve Bank starts long awaited interest rate cuts, and is forecasting further cuts before the end of the year. It also now sees annual inflation falling to just 2.3% by the end of this quarter
14th Aug 24, 2:11pm
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Reserve Bank starts long awaited interest rate cuts, and is forecasting further cuts before the end of the year. It also now sees annual inflation falling to just 2.3% by the end of this quarter
HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'
12th Aug 24, 2:20pm
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HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'
David Hargreaves previews the forthcoming OCR review in which all attention revolves around whether the Reserve Bank will stick to its own script - or acquiesce to the urgings of financial markets for cuts, not so much now, as YESTERDAY, please
11th Aug 24, 6:30am
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David Hargreaves previews the forthcoming OCR review in which all attention revolves around whether the Reserve Bank will stick to its own script - or acquiesce to the urgings of financial markets for cuts, not so much now, as YESTERDAY, please
Influential RBNZ survey gives an effective green light to interest rate reductions with expectations of inflation from one to 10-year's time all falling markedly and towards the RBNZ's goal
8th Aug 24, 3:18pm
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Influential RBNZ survey gives an effective green light to interest rate reductions with expectations of inflation from one to 10-year's time all falling markedly and towards the RBNZ's goal
David Hargreaves wonders how this Government will find a good solution for Kiwibank when the previous Labour Government appears to have turned its back on the best solution - and that was already halfway in place
8th Aug 24, 5:00am
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David Hargreaves wonders how this Government will find a good solution for Kiwibank when the previous Labour Government appears to have turned its back on the best solution - and that was already halfway in place