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
Banks are telling the Reserve Bank 'a more significant increase' in investor demand for residential mortgages may occur in the next six months if interest deductibility on rental properties is reintroduced
24th Oct 23, 12:16pm
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Banks are telling the Reserve Bank 'a more significant increase' in investor demand for residential mortgages may occur in the next six months if interest deductibility on rental properties is reintroduced
David Hargreaves welcomes news Statistics NZ will produce more timely, monthly, pricing data but reckons we still need a full CPI indicator every month and an earlier view of GDP information
24th Oct 23, 8:01am
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David Hargreaves welcomes news Statistics NZ will produce more timely, monthly, pricing data but reckons we still need a full CPI indicator every month and an earlier view of GDP information
Economists are upgrading their milk price forecasts again after a further recovery in global dairy prices at the latest auction
18th Oct 23, 2:35pm
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Economists are upgrading their milk price forecasts again after a further recovery in global dairy prices at the latest auction
Our statistics provider has responded to criticism of a lack of timely pricing data by greatly expanding the amount of information it will produce each month
18th Oct 23, 12:57pm
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Our statistics provider has responded to criticism of a lack of timely pricing data by greatly expanding the amount of information it will produce each month
Inflation has fallen by far more than anybody expected, despite surging fuel costs, which suggests the Reserve Bank's interest rate rises of the recent past are working
17th Oct 23, 11:22am
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Inflation has fallen by far more than anybody expected, despite surging fuel costs, which suggests the Reserve Bank's interest rate rises of the recent past are working
Statistics New Zealand figures show household net worth fell by a further $33.5 billion in the June quarter, with over half of this due to falls in property values - but our rate of savings increased
16th Oct 23, 11:58am
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Statistics New Zealand figures show household net worth fell by a further $33.5 billion in the June quarter, with over half of this due to falls in property values - but our rate of savings increased
For the sake of its credibility the Reserve Bank needs to see some meaningful easing in domestic inflationary pressures when the latest Consumers Price Index figures are released in the coming week
15th Oct 23, 6:01am
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For the sake of its credibility the Reserve Bank needs to see some meaningful easing in domestic inflationary pressures when the latest Consumers Price Index figures are released in the coming week
Food prices virtually unchanged on a seasonally adjusted basis in the past month, taking the annual rate of food price inflation down to 8.0%, according to Stats NZ
12th Oct 23, 11:13am
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Food prices virtually unchanged on a seasonally adjusted basis in the past month, taking the annual rate of food price inflation down to 8.0%, according to Stats NZ
NZ Banking Association figures show while many mortgage holders remain ahead with repayments, 1.4% are behind, while over 9000 bank customers applied for hardship status
12th Oct 23, 7:40am
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NZ Banking Association figures show while many mortgage holders remain ahead with repayments, 1.4% are behind, while over 9000 bank customers applied for hardship status
New Kiwibank spending data shows the volume of card spend declined 0.7% over the September quarter, while compared with a year earlier, the number of transactions grew by just 0.5%
10th Oct 23, 10:33am
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New Kiwibank spending data shows the volume of card spend declined 0.7% over the September quarter, while compared with a year earlier, the number of transactions grew by just 0.5%
More economists are seeing a likelihood that the Reserve Bank will not start cutting the Official Cash Rate till 2025
9th Oct 23, 2:36pm
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More economists are seeing a likelihood that the Reserve Bank will not start cutting the Official Cash Rate till 2025
Dairy giant Fonterra is now effectively forecasting a $7.25 per kilogram of milk solids price for its farmer suppliers - up 50c on its previous forecast
9th Oct 23, 9:10am
Dairy giant Fonterra is now effectively forecasting a $7.25 per kilogram of milk solids price for its farmer suppliers - up 50c on its previous forecast
Credit ratings agency S&P Global Ratings says NZ Post is facing 'ongoing structural decline' in its traditional business and will have reduced financial flexibility after sale of Kiwibank to the Crown
6th Oct 23, 12:36pm
Credit ratings agency S&P Global Ratings says NZ Post is facing 'ongoing structural decline' in its traditional business and will have reduced financial flexibility after sale of Kiwibank to the Crown
Latest Reserve Bank figures show that while small in total, the amount of mortgage money taken out for five-year fixed terms nearly doubled in August
5th Oct 23, 3:55pm
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Latest Reserve Bank figures show that while small in total, the amount of mortgage money taken out for five-year fixed terms nearly doubled in August
The FMA has carried out inquiries into how now convicted fraudster Barry Kloogh was able to exploit the trust and goodwill of his clients
5th Oct 23, 10:32am
The FMA has carried out inquiries into how now convicted fraudster Barry Kloogh was able to exploit the trust and goodwill of his clients
David Hargreaves says inflation data due to be released within two weeks will absolutely be crucial in deciding whether the Reserve Bank hikes interest rates again before Christmas
5th Oct 23, 9:21am
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David Hargreaves says inflation data due to be released within two weeks will absolutely be crucial in deciding whether the Reserve Bank hikes interest rates again before Christmas
Independent economic researchers Capital Economics say it is 'increasingly clear' monetary policy tightening is doing its work and the rate-hiking cycle is already over, with cuts coming next year
4th Oct 23, 11:21am
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Independent economic researchers Capital Economics say it is 'increasingly clear' monetary policy tightening is doing its work and the rate-hiking cycle is already over, with cuts coming next year
Economists are cheered by signs the Reserve Bank's monetary tightening is getting traction but caution that inflationary pressures are still strong
3rd Oct 23, 2:01pm
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Economists are cheered by signs the Reserve Bank's monetary tightening is getting traction but caution that inflationary pressures are still strong
Latest RBNZ figures show while overall non-performing loans climbed in August, household mortgage stress didn't get any worse
3rd Oct 23, 8:14am
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Latest RBNZ figures show while overall non-performing loans climbed in August, household mortgage stress didn't get any worse
David Hargreaves examines the Reserve Bank's forthcoming Official Cash Rate review and says observers will be looking very hard for any clues at all as to whether the central bank is moving from its current 'on hold' stance with interest rates
1st Oct 23, 6:00am
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David Hargreaves examines the Reserve Bank's forthcoming Official Cash Rate review and says observers will be looking very hard for any clues at all as to whether the central bank is moving from its current 'on hold' stance with interest rates
The latest ANZ Business Outlook survey shows a mixed picture of a 'patchy' economy, with inflationary pressures gradually waning, but with cost and wage expectations remaining very elevated
28th Sep 23, 1:28pm
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The latest ANZ Business Outlook survey shows a mixed picture of a 'patchy' economy, with inflationary pressures gradually waning, but with cost and wage expectations remaining very elevated
After selling close to $4 billion of NZ dollars in July, last month the RBNZ had its largest net gain of Kiwi dollars since 2015
27th Sep 23, 3:42pm
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After selling close to $4 billion of NZ dollars in July, last month the RBNZ had its largest net gain of Kiwi dollars since 2015
KPMG's latest quarterly look at banks' financials highlights that only 'slight' increases have been seen in net interest income, with much of the increased bank profitability coming from greater gains on trading and hedging products
27th Sep 23, 9:51am
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KPMG's latest quarterly look at banks' financials highlights that only 'slight' increases have been seen in net interest income, with much of the increased bank profitability coming from greater gains on trading and hedging products
The Westpac McDermott Miller Employment Confidence Index has turned negative for the first time in two-and-a-half years
27th Sep 23, 9:09am
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The Westpac McDermott Miller Employment Confidence Index has turned negative for the first time in two-and-a-half years
Latest Reserve Bank figures show that mortgage money advanced last month rose by over 8% on a seasonally-adjusted basis
27th Sep 23, 8:46am
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Latest Reserve Bank figures show that mortgage money advanced last month rose by over 8% on a seasonally-adjusted basis