David Hargreaves

Xero says monthly small business sales fell by the most in June since May 2020 during the pandemic lockdown

Xero says monthly small business sales fell by the most in June since May 2020 during the pandemic lockdown

'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'

'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'

As we await the start of cuts to the Official Cash Rate, David Hargreaves questions what damage may have been done by the recent heavy-handed and sledgehammer-like interest rate hiking cycle

As we await the start of cuts to the Official Cash Rate, David Hargreaves questions what damage may have been done by the recent heavy-handed and sledgehammer-like interest rate hiking cycle

The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible

The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible

David Hargreaves says still 'sticky' domestic inflation may convince the Reserve Bank to sit tight on the Official Cash Rate at least for now

David Hargreaves says still 'sticky' domestic inflation may convince the Reserve Bank to sit tight on the Official Cash Rate at least for now

Latest card spending data from the country's biggest bank shows that annual growth has fallen below 1%, suggesting sales volumes are still falling

Latest card spending data from the country's biggest bank shows that annual growth has fallen below 1%, suggesting sales volumes are still falling

Activity in the service sector has dropped sharply again in June to once again be at the lowest level in 17 years apart from during lockdowns

Activity in the service sector has dropped sharply again in June to once again be at the lowest level in 17 years apart from during lockdowns

David Hargreaves assesses the prospects for the June quarter inflation figures due to be released this coming Wednesday and which will be pivotal for the Reserve Bank in deciding whether to cut the Official Cash Rate sooner or later

David Hargreaves assesses the prospects for the June quarter inflation figures due to be released this coming Wednesday and which will be pivotal for the Reserve Bank in deciding whether to cut the Official Cash Rate sooner or later

Latest Reserve Bank figures show one in six mortgages in May was taken up for the previously very unfashionable fixed rate term of six months

Latest Reserve Bank figures show one in six mortgages in May was taken up for the previously very unfashionable fixed rate term of six months

ASB economists say they hope that households will base their future decisions 'on a more realistic outlook' for household incomes, house prices and borrowing costs

ASB economists say they hope that households will base their future decisions 'on a more realistic outlook' for household incomes, house prices and borrowing costs

Kiwibank economists say they would recommend cutting the Official Cash Rate in August

Kiwibank economists say they would recommend cutting the Official Cash Rate in August

The Reserve Bank's likely to cheerfully ignore the growing clamour for some public indication of when the Official Cash Rate will be cut when it has its next review of the OCR in the coming week

The Reserve Bank's likely to cheerfully ignore the growing clamour for some public indication of when the Official Cash Rate will be cut when it has its next review of the OCR in the coming week

Statistics New Zealand figures show household net worth increased by $7.8 billion in the March 2024 quarter, even though house and land values dropped by $2 billion

Statistics New Zealand figures show household net worth increased by $7.8 billion in the March 2024 quarter, even though house and land values dropped by $2 billion

BNZ economists say they hope the Reserve Bank will 'eventually accept' there are a number of relative price increases such as insurance and rates that can be 'looked through'

BNZ economists say they hope the Reserve Bank will 'eventually accept' there are a number of relative price increases such as insurance and rates that can be 'looked through'

Centrix says all sectors have seen liquidations rise, with retail trade companies experiencing the largest increase annually followed by the property/rental and transportation sectors

Centrix says all sectors have seen liquidations rise, with retail trade companies experiencing the largest increase annually followed by the property/rental and transportation sectors

David Hargreaves says it looks too late to 'save' this year, but if we can beat inflation, then the RBNZ will call off the dogs and the prospects for next year will be for a gradual recovery. If we can beat inflation...

David Hargreaves says it looks too late to 'save' this year, but if we can beat inflation, then the RBNZ will call off the dogs and the prospects for next year will be for a gradual recovery. If we can beat inflation...

Latest RBNZ figures show NZ's housing lending stock increased by over $1.3 billion in May, while the annual growth rate was the highest for over a year

Latest RBNZ figures show NZ's housing lending stock increased by over $1.3 billion in May, while the annual growth rate was the highest for over a year

ANZ economists are optimistic the Reserve Bank will be in a position to cut the Official Cash Rate 'considerably earlier' than August next year as the RBNZ currently expects

ANZ economists are optimistic the Reserve Bank will be in a position to cut the Official Cash Rate 'considerably earlier' than August next year as the RBNZ currently expects

ASB economists expect 'a considerably more modest inflation impact in NZ' than during the pandemic spike in shipping costs, but say the latest rise 'will further crimp NZ and global household demand'

ASB economists expect 'a considerably more modest inflation impact in NZ' than during the pandemic spike in shipping costs, but say the latest rise 'will further crimp NZ and global household demand'

Latest monthly figures from the Reserve Bank reveal our central bank has seen a decrease in its 'foreign currency intervention capacity' of NZ$732 million last month - the first drop in a year

Latest monthly figures from the Reserve Bank reveal our central bank has seen a decrease in its 'foreign currency intervention capacity' of NZ$732 million last month - the first drop in a year

Westpac McDermott Miller Employment Confidence Survey shows a marked fall in the latest three months

Westpac McDermott Miller Employment Confidence Survey shows a marked fall in the latest three months

David Hargreaves sums up the first (nearly) six months of the year and thinks it would be a very good idea to stop it and start again. Unfortunately though, we will have to carry on. Here's what's transpired so far...

David Hargreaves sums up the first (nearly) six months of the year and thinks it would be a very good idea to stop it and start again. Unfortunately though, we will have to carry on. Here's what's transpired so far...

RBNZ chief economist Paul Conway says the country is in a 'slow-to-no-to-negative' growth environment, but the outlook is slightly more positive for the future and the outlook is also for continued declines in inflation

RBNZ chief economist Paul Conway says the country is in a 'slow-to-no-to-negative' growth environment, but the outlook is slightly more positive for the future and the outlook is also for continued declines in inflation

Long-running survey records the worst ever non-Covid-affected level of activity for the services sector; 'This tells of a services sector in reverse at pace'

Long-running survey records the worst ever non-Covid-affected level of activity for the services sector; 'This tells of a services sector in reverse at pace'

It's a line ball call whether GDP figures out in the coming week will reveal the country still to be in recession or not. But whatever the outcome, economists don't see a particularly rosy path for the economy in the immediate future

It's a line ball call whether GDP figures out in the coming week will reveal the country still to be in recession or not. But whatever the outcome, economists don't see a particularly rosy path for the economy in the immediate future