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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 7 months

Latest articles

Latest NZIER Quarterly Survey of Business Opinion suggests that shortages for both skilled and unskilled labour are easing from the historically high levels of the past year
4th Oct 22, 10:31am
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Latest NZIER Quarterly Survey of Business Opinion suggests that shortages for both skilled and unskilled labour are easing from the historically high levels of the past year
The FMA says the over-65s withdrew nearly $2 billion from KiwiSaver accounts last year
4th Oct 22, 5:00am
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The FMA says the over-65s withdrew nearly $2 billion from KiwiSaver accounts last year
Centrix managing director Keith McLaughlin says anticipation of a recession is affecting consumers' payment behaviour
4th Oct 22, 5:00am
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Centrix managing director Keith McLaughlin says anticipation of a recession is affecting consumers' payment behaviour
David Hargreaves surveys the inevitability of another 50 basis point rise to the Official Cash Rate in the coming week, with another 50-pointer to follow in November. The crystal ball's looking murkier by the minute for next year, however
2nd Oct 22, 6:00am
121
David Hargreaves surveys the inevitability of another 50 basis point rise to the Official Cash Rate in the coming week, with another 50-pointer to follow in November. The crystal ball's looking murkier by the minute for next year, however
Latest ANZ Business Outlook Survey shows an overall lift in business sentiment - but activity indicators in residential construction have hit a fresh low
29th Sep 22, 1:30pm
45
Latest ANZ Business Outlook Survey shows an overall lift in business sentiment - but activity indicators in residential construction have hit a fresh low
RBNZ figures show that first home buyers took 20.8% of the mortgage money advanced last month - the highest share since this data began being compiled in 2013
27th Sep 22, 3:29pm
17
RBNZ figures show that first home buyers took 20.8% of the mortgage money advanced last month - the highest share since this data began being compiled in 2013
BNZ economists warn of global recession and say the RBNZ should not be increasing its forecasts of how high the Official Cash Rate might go at this stage
27th Sep 22, 2:10pm
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BNZ economists warn of global recession and say the RBNZ should not be increasing its forecasts of how high the Official Cash Rate might go at this stage
RBNZ Governor says almost every currency in the world is currently declining against the US dollar
27th Sep 22, 10:35am
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RBNZ Governor says almost every currency in the world is currently declining against the US dollar
New NZCTU strategy paper also calls for creation of a new Kiwisaver provider
27th Sep 22, 8:48am
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New NZCTU strategy paper also calls for creation of a new Kiwisaver provider
The super hot labour market is the biggest threat to the Reserve Bank's efforts to get inflation back under control. David Hargreaves has a crunch of some numbers
22nd Sep 22, 10:00am
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The super hot labour market is the biggest threat to the Reserve Bank's efforts to get inflation back under control. David Hargreaves has a crunch of some numbers
Fonterra reports 3% drop in after tax earnings to $583 million; retains forecast 2022/23 milk price range of $8.50–$10.00, with a midpoint of $9.25; will keep full ownership of Australian business
22nd Sep 22, 9:04am
1
Fonterra reports 3% drop in after tax earnings to $583 million; retains forecast 2022/23 milk price range of $8.50–$10.00, with a midpoint of $9.25; will keep full ownership of Australian business
ASB economists say even if the Official Cash Rate is cut in 2024, average borrowing costs are unlikely to move lower until 2025
21st Sep 22, 11:37am
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ASB economists say even if the Official Cash Rate is cut in 2024, average borrowing costs are unlikely to move lower until 2025
David Hargreaves thinks the Reserve Bank will actually be very comfortable with the latest GDP data - even if economists are not
20th Sep 22, 12:11pm
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David Hargreaves thinks the Reserve Bank will actually be very comfortable with the latest GDP data - even if economists are not
Surging demand in the country's service industries after Covid restrictions saw the country easily avoid recession in the June quarter
15th Sep 22, 11:01am
156
Surging demand in the country's service industries after Covid restrictions saw the country easily avoid recession in the June quarter
Statistics New Zealand reports that the country's annual current account deficit was 7.7% of GDP for the June quarter, just short of the record high 7.8% during the 2008 Global Financial Crisis
14th Sep 22, 12:09pm
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Statistics New Zealand reports that the country's annual current account deficit was 7.7% of GDP for the June quarter, just short of the record high 7.8% during the 2008 Global Financial Crisis
The fund established to help out with NZ future pension requirements is confident its performance will not be affected by the drive to more sustainable investment
14th Sep 22, 10:00am
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The fund established to help out with NZ future pension requirements is confident its performance will not be affected by the drive to more sustainable investment
BNZ economists say a very wide range of forecasts for the outcome of GDP figures this week likely reflects the 'noise' in the component parts
12th Sep 22, 3:10pm
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BNZ economists say a very wide range of forecasts for the outcome of GDP figures this week likely reflects the 'noise' in the component parts
The fund established to help out with NZ future pension requirements was hit by turbulent global markets in the past year, but swam strongly against the tide despite the fund dropping $3.3 billion in value
12th Sep 22, 11:29am
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The fund established to help out with NZ future pension requirements was hit by turbulent global markets in the past year, but swam strongly against the tide despite the fund dropping $3.3 billion in value
Figures to be released in the coming week will likely show the country stayed well clear of recession in the June quarter - but the outlook for the economy is looking, as the Reserve Bank has indicated, pretty anaemic
11th Sep 22, 6:00am
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Figures to be released in the coming week will likely show the country stayed well clear of recession in the June quarter - but the outlook for the economy is looking, as the Reserve Bank has indicated, pretty anaemic
QV says the average NZ home value dropped 5.5% in the three months to August; 'There's no immediate sign of things getting better'; 'We’re starting to see some pretty significant value reductions now'; Auckland house values drop $743 per day since January
9th Sep 22, 5:00am
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QV says the average NZ home value dropped 5.5% in the three months to August; 'There's no immediate sign of things getting better'; 'We’re starting to see some pretty significant value reductions now'; Auckland house values drop $743 per day since January
David Hargreaves wonders what the proposed endgame is after the Government takes full direct control of Kiwibank
7th Sep 22, 2:42pm
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David Hargreaves wonders what the proposed endgame is after the Government takes full direct control of Kiwibank
ANZ economists see inflation getting back to targeted levels by the middle of 2024 but think there are 'significant risks' that inflation will remain 'too high for too long'
7th Sep 22, 9:10am
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ANZ economists see inflation getting back to targeted levels by the middle of 2024 but think there are 'significant risks' that inflation will remain 'too high for too long'
Beating inflation will likely require a sustained period of higher interest rates and slower economic growth if things like indexing wage growth to the previous year's inflation get entrenched, ANZ economists say
6th Sep 22, 9:38am
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Beating inflation will likely require a sustained period of higher interest rates and slower economic growth if things like indexing wage growth to the previous year's inflation get entrenched, ANZ economists say
David Hargreaves has a dive into the latest monthly mortgage figures, which show a market that has gone from raging hot to freezing cold in a very short space of time
6th Sep 22, 9:00am
10
David Hargreaves has a dive into the latest monthly mortgage figures, which show a market that has gone from raging hot to freezing cold in a very short space of time
Westpac economists say an 'abundant' supply of housing in Auckland would help to stem the 'exodus' from the city and bring demand and supply back towards balance 
5th Sep 22, 11:45am
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Westpac economists say an 'abundant' supply of housing in Auckland would help to stem the 'exodus' from the city and bring demand and supply back towards balance