David Hargreaves

The Reserve Bank is now set fair to 'watch, worry and wait' its way through the election

The Reserve Bank is now set fair to 'watch, worry and wait' its way through the election

David Hargreaves examines financial statistics for the first six months of the year showing money being 'sucked out' of consumers' pockets both through higher mortgage and deposit rates

David Hargreaves examines financial statistics for the first six months of the year showing money being 'sucked out' of consumers' pockets both through higher mortgage and deposit rates

Latest Reserve Bank figures show the total of officially 'impaired' housing loans has now surpassed the peak of the sharp, but brief rise during the pandemic in 2020

Latest Reserve Bank figures show the total of officially 'impaired' housing loans has now surpassed the peak of the sharp, but brief rise during the pandemic in 2020

Latest RBNZ lending figures show the total stock of mortgage borrowing has hit $350 billion for the first time, while the nearly $1.2 billion growth in the 'mortgage pile' last month was the most since November last year

Latest RBNZ lending figures show the total stock of mortgage borrowing has hit $350 billion for the first time, while the nearly $1.2 billion growth in the 'mortgage pile' last month was the most since November last year

ANZ economists say while the Reserve Bank is banking on the economy 'rolling over' rapidly 'we’re not convinced things are quite that weak'

ANZ economists say while the Reserve Bank is banking on the economy 'rolling over' rapidly 'we’re not convinced things are quite that weak'

The Reserve Bank expects labour market figures out in the coming week to show rising unemployment. If unemployment doesn't rise - or indeed if it even falls - this will heap more pressure back on our central bank in its inflation fight

The Reserve Bank expects labour market figures out in the coming week to show rising unemployment. If unemployment doesn't rise - or indeed if it even falls - this will heap more pressure back on our central bank in its inflation fight

Statistics New Zealand says the cost of living for households rose 7.2% in the year to June 2023, while food prices increased by some 12.7% for the average household

Statistics New Zealand says the cost of living for households rose 7.2% in the year to June 2023, while food prices increased by some 12.7% for the average household

The banks will be hoping this is a year of 'two halves' for new mortgage activity after a start to the year that was the slowest in at least nine years

The banks will be hoping this is a year of 'two halves' for new mortgage activity after a start to the year that was the slowest in at least nine years

Xero says Kiwi small businesses are showing resilience despite weaker sales data consistent with New Zealand being in recession

Xero says Kiwi small businesses are showing resilience despite weaker sales data consistent with New Zealand being in recession

Reserve Bank figures show on a seasonally adjusted basis there may be slight signs of life in the mortgage market; meanwhile the quarterly mortgage interest bill just crashed through $4 billion for the first time

Reserve Bank figures show on a seasonally adjusted basis there may be slight signs of life in the mortgage market; meanwhile the quarterly mortgage interest bill just crashed through $4 billion for the first time

Fonterra seen as having to lower its milk price forecast soon, as one major bank economist slashes his forecast price by over a dollar

Fonterra seen as having to lower its milk price forecast soon, as one major bank economist slashes his forecast price by over a dollar

After quarterly inflation figures that contained, in the words of one economist, 'a number of red flags' for the Reserve Bank, upcoming labour market data are seen as key ahead of the RBNZ's next Official Cash Rate decision in August

After quarterly inflation figures that contained, in the words of one economist, 'a number of red flags' for the Reserve Bank, upcoming labour market data are seen as key ahead of the RBNZ's next Official Cash Rate decision in August

ANZ economists expect a gradual lift in dairy commodity prices - but not before a large proportion of the new NZ season's supply has already been traded; they have cut their forecast milk price

ANZ economists expect a gradual lift in dairy commodity prices - but not before a large proportion of the new NZ season's supply has already been traded; they have cut their forecast milk price

David Hargreaves says while inflation is finally heading in the right direction, there's still not enough evidence that the RBNZ's strenuous, interest rate hiking, efforts are going to be able to completely tame high prices in the short term

David Hargreaves says while inflation is finally heading in the right direction, there's still not enough evidence that the RBNZ's strenuous, interest rate hiking, efforts are going to be able to completely tame high prices in the short term

Insurer Tower says inflation, motor crime and supply chain issues continued to worsen over the third quarter of its financial year to September

Insurer Tower says inflation, motor crime and supply chain issues continued to worsen over the third quarter of its financial year to September

David Hargreaves suggests that with KiwiSaver now 16 years old, it would be a good time to re-examine what its role is and how well it is set up to fill that role

David Hargreaves suggests that with KiwiSaver now 16 years old, it would be a good time to re-examine what its role is and how well it is set up to fill that role

Westpac economists say there are signs the labour market 'has not cracked yet', which raises the likelihood the RBNZ will need to upgrade its economic growth forecasts - adding upside risk to the inflation outlook

Westpac economists say there are signs the labour market 'has not cracked yet', which raises the likelihood the RBNZ will need to upgrade its economic growth forecasts - adding upside risk to the inflation outlook

David Hargreaves says new figures out in the coming week will likely show a significant fall in the rate of annual inflation but we shouldn't start celebrating 'victory' in the battle against high prices any time soon

David Hargreaves says new figures out in the coming week will likely show a significant fall in the rate of annual inflation but we shouldn't start celebrating 'victory' in the battle against high prices any time soon

Stats NZ figures show that total card spending rose by 1.3% in June, with a big surge in fuel spending as the excise duty cut ended being a big factor

Stats NZ figures show that total card spending rose by 1.3% in June, with a big surge in fuel spending as the excise duty cut ended being a big factor

New Kiwibank spending data shows that despite the cost of living squeeze we are still spending as we need to - but discretion is being applied

New Kiwibank spending data shows that despite the cost of living squeeze we are still spending as we need to - but discretion is being applied

Kiwibank economists think there should be a fall in New Zealand's wholesale interest rates after this week's Official Cash Rate announcement

Kiwibank economists think there should be a fall in New Zealand's wholesale interest rates after this week's Official Cash Rate announcement

Westpac economists say the average mortgage rate households are paying will rise by more over the coming year than it has so far

Westpac economists say the average mortgage rate households are paying will rise by more over the coming year than it has so far

David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review and highlights the wild ride we've been on for the past two years that has seen the OCR hiked on 12 consecutive occasions

David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review and highlights the wild ride we've been on for the past two years that has seen the OCR hiked on 12 consecutive occasions

David Hargreaves examines the suddenly very visible signs of the New Zealand economy slowing as it reacts to the Reserve Bank's attempts to put out the inflation fire

David Hargreaves examines the suddenly very visible signs of the New Zealand economy slowing as it reacts to the Reserve Bank's attempts to put out the inflation fire

A new data series from the Reserve Bank shows recent promotion of lower interest rates for three-year mortgage terms by some of the major banks has swayed significant numbers of customers to 'go longer' with their terms

A new data series from the Reserve Bank shows recent promotion of lower interest rates for three-year mortgage terms by some of the major banks has swayed significant numbers of customers to 'go longer' with their terms