David Hargreaves

Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March

Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March

Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders

Tower says the Auckland Anniversary Weekend flood may now cost as much as $225 million, while it says it won't be paying a half-year dividend to shareholders

Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now

Reserve Bank concedes that about 25% of outstanding mortgages were stress-tested by banks at lower interest rates than prevail now

Another migration-fuelled housing boom had seemed like it might be a story for three-to-five years time, but the speed of the comeback of large-scale inbound migration means we need to be thinking hard about the issue right now

Another migration-fuelled housing boom had seemed like it might be a story for three-to-five years time, but the speed of the comeback of large-scale inbound migration means we need to be thinking hard about the issue right now

BNZ economists say the migration surge is 'great news for moderating wage inflation' but raises questions of how strong population-led growth may become and how this may delay the Reserve Bank easing monetary conditions

BNZ economists say the migration surge is 'great news for moderating wage inflation' but raises questions of how strong population-led growth may become and how this may delay the Reserve Bank easing monetary conditions

Statistics New Zealand says the unemployment rate remained the same in the March quarter, while there were 22,000 jobs added, the labour force participation rate hit a new high and private sector ordinary hourly wage growth rose to 8.2%

Statistics New Zealand says the unemployment rate remained the same in the March quarter, while there were 22,000 jobs added, the labour force participation rate hit a new high and private sector ordinary hourly wage growth rose to 8.2%

Whineray to leave NZ Super Fund after five years in charge and 15 years at the fund and will depart before the end of the year; search for a replacement to begin shortly

Whineray to leave NZ Super Fund after five years in charge and 15 years at the fund and will depart before the end of the year; search for a replacement to begin shortly

Reserve Bank says about a quarter of the current outstanding mortgage stock was taken out during the peak of the housing boom in 2020-21 - with a fifth of this taken by first home buyers

Reserve Bank says about a quarter of the current outstanding mortgage stock was taken out during the peak of the housing boom in 2020-21 - with a fifth of this taken by first home buyers

Labour market figures to be released this week will likely show unemployment levels largely unchanged, but economists and the Reserve Bank are still expecting 'slack' to start emerging in the labour force as the year goes on

Labour market figures to be released this week will likely show unemployment levels largely unchanged, but economists and the Reserve Bank are still expecting 'slack' to start emerging in the labour force as the year goes on

Statistics New Zealand says the cost of living for households rose 7.7% in the year to March 2023, boosted by higher rents and interest payments and increased grocery food, fruit and vegetables prices

Statistics New Zealand says the cost of living for households rose 7.7% in the year to March 2023, boosted by higher rents and interest payments and increased grocery food, fruit and vegetables prices

New Reserve Bank mortgage figures show homeowners paid close to $4 billion in interest during the March quarter, while total scheduled repayments topped $6 billion for the first time since the RBNZ started publishing this data

New Reserve Bank mortgage figures show homeowners paid close to $4 billion in interest during the March quarter, while total scheduled repayments topped $6 billion for the first time since the RBNZ started publishing this data

A review of things you need to know before you sign off on Thursday; significant mortgage and business lending moves, big banks move savings rates, Kiwi bonds up, Air New Zealand is flying, National promises tenancy reversal, swaps move up again & more

A review of things you need to know before you sign off on Thursday; significant mortgage and business lending moves, big banks move savings rates, Kiwi bonds up, Air New Zealand is flying, National promises tenancy reversal, swaps move up again & more

ANZ says its latest ANZ Business Outlook Survey is consistent with the Reserve Bank 'gradually gaining traction' with its efforts to fight inflation

ANZ says its latest ANZ Business Outlook Survey is consistent with the Reserve Bank 'gradually gaining traction' with its efforts to fight inflation

And then there were two: Two of the major banks are now offering under 6% for three years as anticipation of future OCR cuts drives increased competition in longer-term fixed mortgages

And then there were two: Two of the major banks are now offering under 6% for three years as anticipation of future OCR cuts drives increased competition in longer-term fixed mortgages

A review of things you need to know before you sign off on Wednesday; a little mortgage tweaking, imports winning the trade battle, tax, tax, tax and more tax, the RBNZ eases off on LVRs, trouble for Synlait, equities down, dollar marks time

A review of things you need to know before you sign off on Wednesday; a little mortgage tweaking, imports winning the trade battle, tax, tax, tax and more tax, the RBNZ eases off on LVRs, trouble for Synlait, equities down, dollar marks time

RBNZ says the risks to financial stability posed by high-LVR lending have reduced to a level where the current restrictions may be unnecessarily reducing efficiency

RBNZ says the risks to financial stability posed by high-LVR lending have reduced to a level where the current restrictions may be unnecessarily reducing efficiency

A review of things you need to know before you sign off on Monday; more mortgage changes, Kiwibank moves savings rates, talk of OCR cuts this year, RBNZ's bank capital weightings for BGF investments, swaps firm a little, NZD still sliding, & more

A review of things you need to know before you sign off on Monday; more mortgage changes, Kiwibank moves savings rates, talk of OCR cuts this year, RBNZ's bank capital weightings for BGF investments, swaps firm a little, NZD still sliding, & more

The country's banks are telling the Reserve Bank that borrower sentiment 'will likely tend towards more caution' due to the fast-changing housing market conditions

The country's banks are telling the Reserve Bank that borrower sentiment 'will likely tend towards more caution' due to the fast-changing housing market conditions

We appear to be making all the same mistakes that led to the previous housing crisis. David Hargreaves says it's not a case of if we have another crisis, but when...

We appear to be making all the same mistakes that led to the previous housing crisis. David Hargreaves says it's not a case of if we have another crisis, but when...

New research for the Reserve Bank has floated the idea of explicitly targeting interest rates against house prices. David Hargreaves says in our housing-obsessed country, surely it is time to consider such an approach

New research for the Reserve Bank has floated the idea of explicitly targeting interest rates against house prices. David Hargreaves says in our housing-obsessed country, surely it is time to consider such an approach

Food prices were up 12.1% in the year to March 2023 - which is the highest annual rate of increase seen since 1989; Kiwis 'crushed at the checkout', National's Willis says

Food prices were up 12.1% in the year to March 2023 - which is the highest annual rate of increase seen since 1989; Kiwis 'crushed at the checkout', National's Willis says

New inflation figures out in the coming week are likely to show us having an annual rate of inflation in excess of 7% for the fourth consecutive quarter - but will there be signs that we can expect prices to start easing soon?

New inflation figures out in the coming week are likely to show us having an annual rate of inflation in excess of 7% for the fourth consecutive quarter - but will there be signs that we can expect prices to start easing soon?

New research for the Reserve Bank says if central banks had mandates to prevent unsustainably high house prices they would likely find interest rate changes more effective than macroprudential tools, such as LVR limits, to achieve this goal

New research for the Reserve Bank says if central banks had mandates to prevent unsustainably high house prices they would likely find interest rate changes more effective than macroprudential tools, such as LVR limits, to achieve this goal

The banks are demonstrating that they won't hike interest rates just because the Reserve Bank would like them to - so it might be better for the RBNZ to adopt more of a waiting game

The banks are demonstrating that they won't hike interest rates just because the Reserve Bank would like them to - so it might be better for the RBNZ to adopt more of a waiting game

The Government's had another go at fixing problematic credit rules it first implemented nearly 18 months ago, but the bankers are still not thrilled

The Government's had another go at fixing problematic credit rules it first implemented nearly 18 months ago, but the bankers are still not thrilled