David Hargreaves

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

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

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

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

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

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

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

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

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

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

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'

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

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

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'

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'

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

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

Despite seasonal falls in fruit and vegetable prices, the annual rate of food price inflation increased to 10.7% in November; it's a crisis at the checkout, says National Party

Despite seasonal falls in fruit and vegetable prices, the annual rate of food price inflation increased to 10.7% in November; it's a crisis at the checkout, says National Party

Forsyth Barr research analysts see five 'potential positive macro inflections' for a recovery in the second half of next year; namely — inflation, interest rates, GDP, house prices, and government

Forsyth Barr research analysts see five 'potential positive macro inflections' for a recovery in the second half of next year; namely — inflation, interest rates, GDP, house prices, and government

Latest 'consensus' economists' forecasts released by the NZIER show a substantial deterioration in the past three months of how the economists view prospects - particularly in three years' time

Latest 'consensus' economists' forecasts released by the NZIER show a substantial deterioration in the past three months of how the economists view prospects - particularly in three years' time

Figures to be released in the coming week will show the economy has continued to grow quite strongly. The Reserve Bank's attempts to 'engineer' a recession are still very much in the future yet

Figures to be released in the coming week will show the economy has continued to grow quite strongly. The Reserve Bank's attempts to 'engineer' a recession are still very much in the future yet

David Hargreaves appreciates that the Reserve Bank is trying to do the right thing with its cautious approach to cryptoassets and CBDCs, but reckons some hard deadlines need setting soon

David Hargreaves appreciates that the Reserve Bank is trying to do the right thing with its cautious approach to cryptoassets and CBDCs, but reckons some hard deadlines need setting soon

Reserve Bank is seeking views on whether regulatory changes may be required for new forms of 'private money' such as cryptoassets

Reserve Bank is seeking views on whether regulatory changes may be required for new forms of 'private money' such as cryptoassets

Kiwibank economists say the RBNZ is 'doggedly determined to deliver' OCR hikes and it is 'likely to be too much'; see bigger house price falls now, of 21%, taking prices back to 2020 levels

Kiwibank economists say the RBNZ is 'doggedly determined to deliver' OCR hikes and it is 'likely to be too much'; see bigger house price falls now, of 21%, taking prices back to 2020 levels

David Hargreaves continues to highlight some of the issues he’s looking out for in 2023 and says that while he hates elections, he concedes that next year's one will be crucial

David Hargreaves continues to highlight some of the issues he’s looking out for in 2023 and says that while he hates elections, he concedes that next year's one will be crucial

David Hargreaves highlights some of the issues he's looking out for in 2023. There are a lot of them, so, this is going to be part I of a two-parter

David Hargreaves highlights some of the issues he's looking out for in 2023. There are a lot of them, so, this is going to be part I of a two-parter

Latest RBNZ lending figures show the total stock of mortgage borrowing grew by just 5.2% in the year to October, which compares with double digit growth seen at the same time a year ago, and is the slowest rate of growth since 2015

Latest RBNZ lending figures show the total stock of mortgage borrowing grew by just 5.2% in the year to October, which compares with double digit growth seen at the same time a year ago, and is the slowest rate of growth since 2015

ANZ chief economist Sharon Zollner says 'good on' the Reserve Bank for recognising the scale of the inflation problem 'and fronting up to the fact that hoping inflation just goes away is likely to lead to worse outcomes in the end'

ANZ chief economist Sharon Zollner says 'good on' the Reserve Bank for recognising the scale of the inflation problem 'and fronting up to the fact that hoping inflation just goes away is likely to lead to worse outcomes in the end'

Latest ANZ Business Outlook Survey shows a sharp drop in confidence and own activity readings, while sentiment in the residential construction sector has 'tanked' and 'could hardly be lower'

Latest ANZ Business Outlook Survey shows a sharp drop in confidence and own activity readings, while sentiment in the residential construction sector has 'tanked' and 'could hardly be lower'

Kiwibank economists believe the interest rate hikes that have already been delivered will have a huge impact on households and discretionary income will evaporate for many mortgagees

Kiwibank economists believe the interest rate hikes that have already been delivered will have a huge impact on households and discretionary income will evaporate for many mortgagees

RBNZ figures show first home buyers had their biggest share of the mortgage money advanced last month since the RBNZ started publishing the detailed information in 2014

RBNZ figures show first home buyers had their biggest share of the mortgage money advanced last month since the RBNZ started publishing the detailed information in 2014