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David Hargreaves

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.

Member for

12 years 5 months

Latest articles

[updated]
Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter
24th Feb 25, 11:22am
3
Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter
Statistics NZ says people have been spending a higher proportion of their money on housing costs than they did in the past
20th Feb 25, 12:03pm
45
Statistics NZ says people have been spending a higher proportion of their money on housing costs than they did in the past
Our national airline says it may have as many as 11 jets out of service between now and the end of June
20th Feb 25, 10:01am
13
Our national airline says it may have as many as 11 jets out of service between now and the end of June
[updated]
Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
19th Feb 25, 2:14pm
90
Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
Fonterra says if it decides to list its consumer brands on the share market, the spun-off company will be called Mainland Group
19th Feb 25, 12:11pm
10
Fonterra says if it decides to list its consumer brands on the share market, the spun-off company will be called Mainland Group
Federated Farmers survey shows 'a significant shift in the mood of rural New Zealand'
19th Feb 25, 11:14am
6
Federated Farmers survey shows 'a significant shift in the mood of rural New Zealand'
Fletcher Building says 'macroeconomic pressures' are expected to persist and economic activity to remain subdued at 'below mid-cycle levels' for the remainder of the financial year
19th Feb 25, 9:59am
11
Fletcher Building says 'macroeconomic pressures' are expected to persist and economic activity to remain subdued at 'below mid-cycle levels' for the remainder of the financial year
The latest quarterly Household Expectations Survey for the Reserve Bank finds that households reckon the inflation rate will be 4.9% in a year and they don't see it being within the 1% to 3% target range over the next five years
18th Feb 25, 3:43pm
43
The latest quarterly Household Expectations Survey for the Reserve Bank finds that households reckon the inflation rate will be 4.9% in a year and they don't see it being within the 1% to 3% target range over the next five years
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next
17th Feb 25, 11:47am
16
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next
The services sector expanded slightly in January, as did the manufacturing sector - results that point toward an economic recovery later in the year
17th Feb 25, 11:04am
5
The services sector expanded slightly in January, as did the manufacturing sector - results that point toward an economic recovery later in the year
A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts
16th Feb 25, 6:30am
92
A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts
[updated]
Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week
13th Feb 25, 3:24pm
40
Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week
[updated]
Stats NZ says retail card spending dropped 1.6% on a seasonally adjusted basis in January after growing strongly in December
13th Feb 25, 11:21am
40
Stats NZ says retail card spending dropped 1.6% on a seasonally adjusted basis in January after growing strongly in December
Latest monthly RBNZ figures show sharp drops in what customers were paying on new mortgage rates in the second half of last year - but the bank yields on existing mortgages are falling only very slightly
12th Feb 25, 9:00am
4
Latest monthly RBNZ figures show sharp drops in what customers were paying on new mortgage rates in the second half of last year - but the bank yields on existing mortgages are falling only very slightly
Westpac economists believe the record returns likely coming to dairy farmers this milking season can be just about maintained in the next season as well
11th Feb 25, 2:42pm
4
Westpac economists believe the record returns likely coming to dairy farmers this milking season can be just about maintained in the next season as well
Latest monthly RBNZ figures show that in December the very brief flirtation with floating rate mortgages was replaced by a surge of interest in six month fixed rates
10th Feb 25, 3:47pm
7
Latest monthly RBNZ figures show that in December the very brief flirtation with floating rate mortgages was replaced by a surge of interest in six month fixed rates
[updated]
The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say
10th Feb 25, 1:35pm
65
The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say
The decision by many homeowners to position themselves for expected interest rate cuts will see an average of over $30b a month worth of mortgages need refixing in the first six months of this year
6th Feb 25, 6:00am
112
The decision by many homeowners to position themselves for expected interest rate cuts will see an average of over $30b a month worth of mortgages need refixing in the first six months of this year
Stats NZ says high interest payments on mortgages continue to contribute 'significantly' to living costs
3rd Feb 25, 11:36am
14
Stats NZ says high interest payments on mortgages continue to contribute 'significantly' to living costs
Capital Economics says the resulting surge in US inflation from the announced tariffs is going to 'come faster and be larger than we initially expected'
3rd Feb 25, 9:32am
65
Capital Economics says the resulting surge in US inflation from the announced tariffs is going to 'come faster and be larger than we initially expected'
Labour market figures to be released in the coming week, could show unemployment hitting 5% for the first time since a brief spike during the pandemic, but David Hargreaves says with interest rates now coming down employment levels may start to settle
2nd Feb 25, 6:30am
123
Labour market figures to be released in the coming week, could show unemployment hitting 5% for the first time since a brief spike during the pandemic, but David Hargreaves says with interest rates now coming down employment levels may start to settle
David Hargreaves examines mortgage figures for 2024 and compares figures over the 10-year timeframe that the detailed Reserve Bank data now covers
31st Jan 25, 12:55pm
15
David Hargreaves examines mortgage figures for 2024 and compares figures over the 10-year timeframe that the detailed Reserve Bank data now covers
ANZ chief economist says perhaps reality is biting for businesses as it becomes clear falling interest rates will take time to 'work their magic'
30th Jan 25, 1:26pm
26
ANZ chief economist says perhaps reality is biting for businesses as it becomes clear falling interest rates will take time to 'work their magic'
RBNZ chief economist Paul Conway sees dominance of the 'traditional drivers of growth' in the New Zealand economy coming to an end
30th Jan 25, 10:01am
108
RBNZ chief economist Paul Conway sees dominance of the 'traditional drivers of growth' in the New Zealand economy coming to an end
Latest Reserve Bank figures show of more than $8 billion of new mortgage commitments in December, over $2 billion was customers swapping loan providers
29th Jan 25, 3:45pm
12
Latest Reserve Bank figures show of more than $8 billion of new mortgage commitments in December, over $2 billion was customers swapping loan providers