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
As Fraud Awareness Week launches, MBIE says scammers are targeting everyone across NZ, but especially those with savings or investments looking to earn a little bit more from their money
13th Nov 23, 1:00am
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As Fraud Awareness Week launches, MBIE says scammers are targeting everyone across NZ, but especially those with savings or investments looking to earn a little bit more from their money
A new BIS research paper finds of the 68 stablecoins 'pegged' to the value of a specific asset, not one of them has been able to maintain parity with their pegs at all times
10th Nov 23, 9:08am
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A new BIS research paper finds of the 68 stablecoins 'pegged' to the value of a specific asset, not one of them has been able to maintain parity with their pegs at all times
Economists say the Reserve Bank will be wary of survey results that show shorter term inflation expectations have fallen but longer term expectations for both inflation and interest rates have risen
9th Nov 23, 9:07am
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Economists say the Reserve Bank will be wary of survey results that show shorter term inflation expectations have fallen but longer term expectations for both inflation and interest rates have risen
Influential RBNZ survey shows a small but significant drop in the expected level of inflation in two years time, and a sharp drop in expectations of one-year-out inflation; house prices expected to rise
8th Nov 23, 3:51pm
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Influential RBNZ survey shows a small but significant drop in the expected level of inflation in two years time, and a sharp drop in expectations of one-year-out inflation; house prices expected to rise
ANZ economists are still forecasting another Official Cash Rate hike next year and say domestic inflation is still sky high, and yet to capitulate, while 'a lot still needs to go right' for the OCR to not need to eventually go higher
7th Nov 23, 1:40pm
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ANZ economists are still forecasting another Official Cash Rate hike next year and say domestic inflation is still sky high, and yet to capitulate, while 'a lot still needs to go right' for the OCR to not need to eventually go higher
Latest Reserve Bank figures show that fixed term mortgages have gained their highest share of the total new mortgage monies advanced on record
6th Nov 23, 3:56pm
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Latest Reserve Bank figures show that fixed term mortgages have gained their highest share of the total new mortgage monies advanced on record
TSB's new chief Kerry Boielle is joining the bank from a senior position with Southern Cross Health Care Society, replacing Donna Cooper who departed earlier this year
6th Nov 23, 3:20pm
TSB's new chief Kerry Boielle is joining the bank from a senior position with Southern Cross Health Care Society, replacing Donna Cooper who departed earlier this year
Just as the Reserve Bank appears to be turning the inflation battle in its favour, here comes the double trouble of rampant immigration and a refreshed housing market
5th Nov 23, 6:00am
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Just as the Reserve Bank appears to be turning the inflation battle in its favour, here comes the double trouble of rampant immigration and a refreshed housing market
[updated]
Latest Reserve Bank Financial Stability Report says if economic conditions deteriorate by more than projected the lending stress could be more severe
1st Nov 23, 9:09am
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Latest Reserve Bank Financial Stability Report says if economic conditions deteriorate by more than projected the lending stress could be more severe
Latest RBNZ figures show just a small rise in overall non-performing housing loans in September - though separately there was a noteworthy rise in consumer borrowing
31st Oct 23, 4:26pm
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Latest RBNZ figures show just a small rise in overall non-performing housing loans in September - though separately there was a noteworthy rise in consumer borrowing
The latest ANZ Business Outlook survey shows a bounce in most activity indicators; ANZ chief economist says 'it would clearly be a stretch to argue there's been no election impact'
31st Oct 23, 1:46pm
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The latest ANZ Business Outlook survey shows a bounce in most activity indicators; ANZ chief economist says 'it would clearly be a stretch to argue there's been no election impact'
BNZ chief economist Mike Jones says the currently wide cost gap between building and buying a house should reduce, but much of this is expected to come via higher house prices
30th Oct 23, 1:50pm
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BNZ chief economist Mike Jones says the currently wide cost gap between building and buying a house should reduce, but much of this is expected to come via higher house prices
The Reserve Bank expects labour market figures out in the coming week to show a further rise in unemployment. As long as the central bank gets its wish then the Official Cash Rate will remain 'on hold' after the next review in November
29th Oct 23, 6:00am
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The Reserve Bank expects labour market figures out in the coming week to show a further rise in unemployment. As long as the central bank gets its wish then the Official Cash Rate will remain 'on hold' after the next review in November
Latest RBNZ figures show New Zealanders' interest bill on mortgages topped $4.6 billion in the September quarter, putting us on target to pay well north of $17 billion to the banks in mortgage interest for the full 2023 year
26th Oct 23, 3:26pm
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Latest RBNZ figures show New Zealanders' interest bill on mortgages topped $4.6 billion in the September quarter, putting us on target to pay well north of $17 billion to the banks in mortgage interest for the full 2023 year
Statistics NZ says food and housing continue to be key drivers of increased costs for households
26th Oct 23, 11:13am
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Statistics NZ says food and housing continue to be key drivers of increased costs for households
Xero says small business sales are inconsistent across New Zealand, with some regions facing more challenging times than others
26th Oct 23, 5:00am
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Xero says small business sales are inconsistent across New Zealand, with some regions facing more challenging times than others
[updated]
Stats NZ says the country's population grew by 105,900 people in the year to June, with Auckland's population up 47,000; migration responsible for three-quarters of Auckland growth
25th Oct 23, 11:57am
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Stats NZ says the country's population grew by 105,900 people in the year to June, with Auckland's population up 47,000; migration responsible for three-quarters of Auckland growth
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