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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 6 months

Latest articles

David Hargreaves has a trawl through some of the RBNZ's mortgage data to see how homeowners are reacting to rising rates a year and a half into a rising mortgage rate environment
9th Feb 23, 9:33am
37
David Hargreaves has a trawl through some of the RBNZ's mortgage data to see how homeowners are reacting to rising rates a year and a half into a rising mortgage rate environment
David Hargreaves says with key economic data starting to turn out softer than expected, crunch time is looming for the Reserve Bank in its inflation battle and in how far it wants to drive up interest rates
2nd Feb 23, 12:20pm
60
David Hargreaves says with key economic data starting to turn out softer than expected, crunch time is looming for the Reserve Bank in its inflation battle and in how far it wants to drive up interest rates
Statistics New Zealand says annual inflation for households was 8.2% in the year to December 2022, fueled by housing, food and transport costs
2nd Feb 23, 11:13am
45
Statistics New Zealand says annual inflation for households was 8.2% in the year to December 2022, fueled by housing, food and transport costs
[updated]
Statistics New Zealand says the unemployment rate has risen to 3.4% from 3.3%; it was widely expected to fall; private sector hourly wage growth has slowed to 8.1% from 8.6% when it was expected to rise: BNZ economists change OCR call
1st Feb 23, 11:01am
130
Statistics New Zealand says the unemployment rate has risen to 3.4% from 3.3%; it was widely expected to fall; private sector hourly wage growth has slowed to 8.1% from 8.6% when it was expected to rise: BNZ economists change OCR call
A review of things you need to know before you sign off on Tuesday; more home loan and TD rate changes, insurance claims mount, nasty retail surprise across the ditch, mortgages are dying - long live term deposits, swaps firm, NZD mixed, & more
31st Jan 23, 3:59pm
38
A review of things you need to know before you sign off on Tuesday; more home loan and TD rate changes, insurance claims mount, nasty retail surprise across the ditch, mortgages are dying - long live term deposits, swaps firm, NZD mixed, & more
RBNZ figures show first home buyers might possibly be hitting the limits of their seemingly boundless enthusiasm, while investors may have just stirred slightly
31st Jan 23, 10:50am
35
RBNZ figures show first home buyers might possibly be hitting the limits of their seemingly boundless enthusiasm, while investors may have just stirred slightly
The Reserve Bank will be looking for any signs that the jobs market is cooling when new figures are released in the coming week. David Hargreaves says it might not get these signs. Not yet, anyway
29th Jan 23, 6:00am
48
The Reserve Bank will be looking for any signs that the jobs market is cooling when new figures are released in the coming week. David Hargreaves says it might not get these signs. Not yet, anyway
Bank economists are now suggesting the Reserve Bank should dial back its intentions on how far and high the Official Cash Rate will go
25th Jan 23, 4:12pm
55
Bank economists are now suggesting the Reserve Bank should dial back its intentions on how far and high the Official Cash Rate will go
ANZ economists change their call and now expect the Reserve Bank to lift the Official Cash Rate by 50 points next month, rather than the signalled 75 points; Kiwibank economists see peak OCR of 5% - 'enough is enough'
25th Jan 23, 11:00am
162
ANZ economists change their call and now expect the Reserve Bank to lift the Official Cash Rate by 50 points next month, rather than the signalled 75 points; Kiwibank economists see peak OCR of 5% - 'enough is enough'
[updated]
The Reserve Bank and Finance Minister have agreed a new framework for managing foreign reserves, which will include the RBNZ holding more cash offshore - but it's not saying how much more
25th Jan 23, 9:37am
15
The Reserve Bank and Finance Minister have agreed a new framework for managing foreign reserves, which will include the RBNZ holding more cash offshore - but it's not saying how much more
The country's investment watchdog says in its annual report that during the year under review it focused its monitoring on a variety of sectors and topics
24th Jan 23, 2:47pm
The country's investment watchdog says in its annual report that during the year under review it focused its monitoring on a variety of sectors and topics
Two major bank economists have lowered their milk price forecasts as dairy prices hover near two-year lows
24th Jan 23, 2:03pm
17
Two major bank economists have lowered their milk price forecasts as dairy prices hover near two-year lows
David Hargreaves tries to make sense of a very quick beginning to the year, which means we are unlikely to be able to draw breath until the October election is over. Expect drama
24th Jan 23, 11:05am
51
David Hargreaves tries to make sense of a very quick beginning to the year, which means we are unlikely to be able to draw breath until the October election is over. Expect drama
Kiwibank economists are hoping the Reserve Bank can be deterred from its signalled 75 basis point Official Cash Rate hike and 'meet in the middle' with a 50 point rise
23rd Jan 23, 11:00am
62
Kiwibank economists are hoping the Reserve Bank can be deterred from its signalled 75 basis point Official Cash Rate hike and 'meet in the middle' with a 50 point rise
Our central bank is picking that inflation will have hit a new 32-year high of 7.5% when December quarter figures are released in the coming week. If it's right, expect a further hefty 75 point rise to the Official Cash Rate next month
22nd Jan 23, 6:00am
119
Our central bank is picking that inflation will have hit a new 32-year high of 7.5% when December quarter figures are released in the coming week. If it's right, expect a further hefty 75 point rise to the Official Cash Rate next month
QV says home values fell nationally by an average of 10.3% last year - which was the largest drop in more than 15 years, but the market has not reached the bottom yet
20th Jan 23, 5:00am
148
QV says home values fell nationally by an average of 10.3% last year - which was the largest drop in more than 15 years, but the market has not reached the bottom yet
[updated]
Robertson says he is not standing for leadership; Labour has announced the general election will be October 14; Ardern says she 'no longer has that extra bit in the tank' to do the PM job justice
19th Jan 23, 1:21pm
304
Robertson says he is not standing for leadership; Labour has announced the general election will be October 14; Ardern says she 'no longer has that extra bit in the tank' to do the PM job justice
Statistics New Zealand says falling property values lopped $91.1 billion off the worth of Kiwis in the first nine months of 2022, while falling share and investment values took $78.6 billion away
19th Jan 23, 11:17am
19
Statistics New Zealand says falling property values lopped $91.1 billion off the worth of Kiwis in the first nine months of 2022, while falling share and investment values took $78.6 billion away
[updated]
Stats NZ says the seasonally adjusted spending fall in December was the first for nine months and was a 'large' fall for a December month; economists say consumers have taken on board Reserve Bank warnings about spending
18th Jan 23, 11:00am
57
Stats NZ says the seasonally adjusted spending fall in December was the first for nine months and was a 'large' fall for a December month; economists say consumers have taken on board Reserve Bank warnings about spending
[updated]
REINZ says December's sales plummeted nationally to the lowest in years at 4,336; national median price slipped over 12% for the year. In Auckland the fall was 18%. In Wellington 20%. House prices now down around 15% from November 2021 peak
18th Jan 23, 9:00am
251
REINZ says December's sales plummeted nationally to the lowest in years at 4,336; national median price slipped over 12% for the year. In Auckland the fall was 18%. In Wellington 20%. House prices now down around 15% from November 2021 peak
[updated]
National's finance spokesperson scalds Government after long-running NZIER business survey records the weakest result in its history; ASB economists say economy has 'run into a brick wall'; BNZ economists see 'stagflation on steroids'
17th Jan 23, 10:23am
188
National's finance spokesperson scalds Government after long-running NZIER business survey records the weakest result in its history; ASB economists say economy has 'run into a brick wall'; BNZ economists see 'stagflation on steroids'
David Hargreaves has a quick check on the temperature of the economy with a recap of where we left off in 2022 as we now look towards what appears likely to be a very fast start to things financial in 2023
16th Jan 23, 11:43am
60
David Hargreaves has a quick check on the temperature of the economy with a recap of where we left off in 2022 as we now look towards what appears likely to be a very fast start to things financial in 2023
Surging demand in the service industries after the re-opening of the borders has seen the economy grow at a much faster pace than expected in the September quarter; the Reserve Bank won't be pleased - 75 point rise to OCR in February appears certain
15th Dec 22, 11:01am
143
Surging demand in the service industries after the re-opening of the borders has seen the economy grow at a much faster pace than expected in the September quarter; the Reserve Bank won't be pleased - 75 point rise to OCR in February appears certain
Reserve Bank Governor says our banks need to take a long term view on their customer base 'because it is a lifetime of earnings they get off each customer'
14th Dec 22, 2:33pm
46
Reserve Bank Governor says our banks need to take a long term view on their customer base 'because it is a lifetime of earnings they get off each customer'
[updated]
Statistics New Zealand reports that the country's deficit between what we received for exports and what we spent on imports was a record $29.7 billion in the year to September
14th Dec 22, 11:07am
78
Statistics New Zealand reports that the country's deficit between what we received for exports and what we spent on imports was a record $29.7 billion in the year to September