About
David Hargreaves worked for interest.co.nz as senior journalist and news editor from 2012 through to April 2026.
David Hargreaves
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Reserve Bank figures show the annual housing lending growth rate has risen to 3.7% from 3.5% in the past month; non-performing housing loans fall for second consecutive month
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Reserve Bank figures show the annual housing lending growth rate has risen to 3.7% from 3.5% in the past month; non-performing housing loans fall for second consecutive month
The RBNZ says despite house prices easing, purchasing a new house 'remains relatively unfavourable compared with long-term averages'
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The RBNZ says despite house prices easing, purchasing a new house 'remains relatively unfavourable compared with long-term averages'
Xero says the country's small businesses are reporting continuing sales declines and slowing wages growth
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Xero says the country's small businesses are reporting continuing sales declines and slowing wages growth
Latest Statistics NZ figures show that there's been no monthly jobs growth in any of the past six months - while the construction sector in particular is contracting substantially
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Latest Statistics NZ figures show that there's been no monthly jobs growth in any of the past six months - while the construction sector in particular is contracting substantially
Latest mortgage figures from the Reserve Bank show, on a seasonally adjusted basis, mortgage commitments by value rose 6.9% in September
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Latest mortgage figures from the Reserve Bank show, on a seasonally adjusted basis, mortgage commitments by value rose 6.9% in September
[updated]
Reserve Bank Governor Adrian Orr says being more 'circumspect' with reducing interest rates relative to the speed at which they went up 'is the general idea'
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Reserve Bank Governor Adrian Orr says being more 'circumspect' with reducing interest rates relative to the speed at which they went up 'is the general idea'
Reserve Bank signals the high levels of cash seen in the banking system since the onset of Covid may be gone by the second half of next year
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Reserve Bank signals the high levels of cash seen in the banking system since the onset of Covid may be gone by the second half of next year
BNZ chief economist Mike Jones says longer term mortgage rates are already reflecting anticipated cuts to the Official Cash Rate, but shorter term mortgage rates have more 'downside'
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BNZ chief economist Mike Jones says longer term mortgage rates are already reflecting anticipated cuts to the Official Cash Rate, but shorter term mortgage rates have more 'downside'
BNZ economists look back at some of the reasons why the Reserve Bank made big OCR cuts in the past, finding such reasons don't currently exist
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BNZ economists look back at some of the reasons why the Reserve Bank made big OCR cuts in the past, finding such reasons don't currently exist
The country's banks are reporting early signs of a rebound in activity from property investors and demand for mortgage lending from both owner occupiers and investors is expected to continue to increase during the next six months
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The country's banks are reporting early signs of a rebound in activity from property investors and demand for mortgage lending from both owner occupiers and investors is expected to continue to increase during the next six months
Reserve Bank Assistant Governor Karen Silk says reversion to pre-covid funding conditions is under way and this will limit how far lending rates fall as banks seek to preserve their net interest margin
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Reserve Bank Assistant Governor Karen Silk says reversion to pre-covid funding conditions is under way and this will limit how far lending rates fall as banks seek to preserve their net interest margin
The return of inflation well and truly into the 1% to 3% target range is most welcome news, but what does it say for the immediate path of interest rates and how quickly the economy can recover?
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The return of inflation well and truly into the 1% to 3% target range is most welcome news, but what does it say for the immediate path of interest rates and how quickly the economy can recover?
Reserve Bank Governor Adrian Orr says improving Māori access to capital has been, and remains, a powerful enabler for prosperity, sustainability, cohesion, and inclusion and 'we should collectively prioritise this goal'
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Reserve Bank Governor Adrian Orr says improving Māori access to capital has been, and remains, a powerful enabler for prosperity, sustainability, cohesion, and inclusion and 'we should collectively prioritise this goal'
David Hargreaves assesses prospects for the September quarter CPI figures to be released this coming Wednesday, which should show inflation back under 3%. But could the figures still put a dampener on expectation of further fast interest rate falls?
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David Hargreaves assesses prospects for the September quarter CPI figures to be released this coming Wednesday, which should show inflation back under 3%. But could the figures still put a dampener on expectation of further fast interest rate falls?
[updated]
Statistics New Zealand figures show household net worth dropped by $47 billion in the June quarter, while total income fell for the first time since this data series began in 2016
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Statistics New Zealand figures show household net worth dropped by $47 billion in the June quarter, while total income fell for the first time since this data series began in 2016
NZ Banking Association says despite tough economic conditions, 'the vast majority of New Zealanders' are managing their financial situation well
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NZ Banking Association says despite tough economic conditions, 'the vast majority of New Zealanders' are managing their financial situation well
Latest Reserve Bank figures show around 40% of new lending in August was for six month fixed rate terms
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Latest Reserve Bank figures show around 40% of new lending in August was for six month fixed rate terms
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate agree the OCR will be cut this week, but are mixed over whether it should be a 25-point or 50-point cut
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Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate agree the OCR will be cut this week, but are mixed over whether it should be a 25-point or 50-point cut
David Hargreaves previews the forthcoming Official Cash Rate review in which all the discussion centres around whether the RBNZ will be looking to use a pistol or a bazooka to bring down rates
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David Hargreaves previews the forthcoming Official Cash Rate review in which all the discussion centres around whether the RBNZ will be looking to use a pistol or a bazooka to bring down rates
[updated]
A weak result in the latest NZIER Quarterly Survey of Business Opinion has prompted economists to change their calls and forecast that the RBNZ will cut the Official Cash Rate by a massive 100 basis points before the end of the year
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A weak result in the latest NZIER Quarterly Survey of Business Opinion has prompted economists to change their calls and forecast that the RBNZ will cut the Official Cash Rate by a massive 100 basis points before the end of the year
It would be too early to say the housing investors 'are back' - but they do appear to be stirring, as evidenced by the latest Reserve Bank figures
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It would be too early to say the housing investors 'are back' - but they do appear to be stirring, as evidenced by the latest Reserve Bank figures
[updated]
Latest ANZ Business Outlook survey shows not only that optimism about the future continues to grow, but also the first signs of improvement in current activity
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Latest ANZ Business Outlook survey shows not only that optimism about the future continues to grow, but also the first signs of improvement in current activity
Fonterra says by streamlining its operations and focusing on its ingredients and food services business it can grow greater value for farmer shareholders and unit holders
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Fonterra says by streamlining its operations and focusing on its ingredients and food services business it can grow greater value for farmer shareholders and unit holders
Dairy company Synlait says it 'can now confidently draw a line under several of the difficulties faced and move onto the more important matters concerning running a growing and viable business'
Dairy company Synlait says it 'can now confidently draw a line under several of the difficulties faced and move onto the more important matters concerning running a growing and viable business'
Latest Reserve Bank mortgage figures show investors took a bigger share of the mortgage pie than first home buyers last month for the first time in about two-and-a-half years
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Latest Reserve Bank mortgage figures show investors took a bigger share of the mortgage pie than first home buyers last month for the first time in about two-and-a-half years