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.
ASB economists estimate that average household living costs will have increased by about $115 a week in 2023 - and with a further $70 hike to come next year, but income rises will probably beat that
ASB economists estimate that average household living costs will have increased by about $115 a week in 2023 - and with a further $70 hike to come next year, but income rises will probably beat that
Dairy giant Fonterra is now effectively forecasting a $7.50 per kilogram of milk solids price for its farmer suppliers - up 25c on its previous forecast, while its earnings forecast has been increased by an effective 5c a share
Dairy giant Fonterra is now effectively forecasting a $7.50 per kilogram of milk solids price for its farmer suppliers - up 25c on its previous forecast, while its earnings forecast has been increased by an effective 5c a share
Latest Reserve Bank figures show 18 month fixed term mortgages are suddenly seeing increased popularity, while one-year terms are becoming less popular
Latest Reserve Bank figures show 18 month fixed term mortgages are suddenly seeing increased popularity, while one-year terms are becoming less popular
Westpac economists say we should expect the Reserve Bank to be unforgiving of any shocks that boost the growth and inflation outlook over the next year. Also, the RBNZ will likely be less willing to pre-emptively ease, as markets seem to currently expect
Westpac economists say we should expect the Reserve Bank to be unforgiving of any shocks that boost the growth and inflation outlook over the next year. Also, the RBNZ will likely be less willing to pre-emptively ease, as markets seem to currently expect
In the second part of his preview of 2024, David Hargreaves examines whether a combination of new Government policies, rampant migration and an enlivened housing market could undermine efforts to get the economy on a sound footing
In the second part of his preview of 2024, David Hargreaves examines whether a combination of new Government policies, rampant migration and an enlivened housing market could undermine efforts to get the economy on a sound footing
David Hargreaves has a look at the economic developments in the past year and lines these up against what the expectations were at the start of the year
David Hargreaves has a look at the economic developments in the past year and lines these up against what the expectations were at the start of the year
Latest RBNZ figures show a $71 million rise in non-performing housing loans during October, while across the whole banking system there was a rise of $237 million in non-performing loans
Latest RBNZ figures show a $71 million rise in non-performing housing loans during October, while across the whole banking system there was a rise of $237 million in non-performing loans
Indications of likely future inflation continue to drift lower in the latest ANZ Business Outlook Survey, but the new Government's honeymoon continues, with business confidence hitting its highest level since early 2015
Indications of likely future inflation continue to drift lower in the latest ANZ Business Outlook Survey, but the new Government's honeymoon continues, with business confidence hitting its highest level since early 2015
Economists at the country's largest bank raise their forecast milk price for the current season by 55 cents to $7.70 per kilogram of milk solids; pick $8.50 price for next season
Economists at the country's largest bank raise their forecast milk price for the current season by 55 cents to $7.70 per kilogram of milk solids; pick $8.50 price for next season
The Reserve Bank has added a further NZ$739 million to its 'foreign currency intervention capacity' in the past month and now has nearly NZ$18.5 billion held in offshore currencies to intervene if needed in foreign exchange markets
The Reserve Bank has added a further NZ$739 million to its 'foreign currency intervention capacity' in the past month and now has nearly NZ$18.5 billion held in offshore currencies to intervene if needed in foreign exchange markets
David Hargreaves says in contrast to the position it was in a year ago, the Reserve Bank will need to make a 'do nothing' Official Cash Rate decision in the coming week in a sufficiently 'hawkish' way that keeps pressure on inflation over summer
David Hargreaves says in contrast to the position it was in a year ago, the Reserve Bank will need to make a 'do nothing' Official Cash Rate decision in the coming week in a sufficiently 'hawkish' way that keeps pressure on inflation over summer
Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
Kiwibank economists say households are showing few signs of financial stress in the face of higher interest rates, but 'a lot hinges on the labour market'
Kiwibank economists say households are showing few signs of financial stress in the face of higher interest rates, but 'a lot hinges on the labour market'
A quarterly survey for the Reserve Bank shows that households' views on the likely rate of inflation in a year are unchanged from the previous survey, but they see stronger house prices
A quarterly survey for the Reserve Bank shows that households' views on the likely rate of inflation in a year are unchanged from the previous survey, but they see stronger house prices
Stats NZ figures show that total card spending fell by 0.3% in October, while retail spending dropped by 0.7%; 'the softness in spending is notable as it comes as population growth is continuing to surge'
Stats NZ figures show that total card spending fell by 0.3% in October, while retail spending dropped by 0.7%; 'the softness in spending is notable as it comes as population growth is continuing to surge'
Economists are reviewing their inflation and interest rate forecasts after new Stats NZ pricing information suggests the rate of inflation in the current quarter may be slower than expected
Economists are reviewing their inflation and interest rate forecasts after new Stats NZ pricing information suggests the rate of inflation in the current quarter may be slower than expected
Latest quarterly Reserve Bank figures show that ahead of the possible introduction of debt to income restrictions next year, new buyers are, in any case, mostly borrowing on low DTI ratios
Latest quarterly Reserve Bank figures show that ahead of the possible introduction of debt to income restrictions next year, new buyers are, in any case, mostly borrowing on low DTI ratios
Stats NZ says food prices 'fell across the board in October'; Stats NZ has also released a new monthly series of pricing data to give more timely inflation information; airfares now dropping quickly, rents still rising, tobacco up sharply
Stats NZ says food prices 'fell across the board in October'; Stats NZ has also released a new monthly series of pricing data to give more timely inflation information; airfares now dropping quickly, rents still rising, tobacco up sharply
As Fraud Awareness Week launches, MBIE says scammers are targeting everyone across NZ, but especially those with savings or investments looking to earn a little bit more from their money
As Fraud Awareness Week launches, MBIE says scammers are targeting everyone across NZ, but especially those with savings or investments looking to earn a little bit more from their money
A new BIS research paper finds of the 68 stablecoins 'pegged' to the value of a specific asset, not one of them has been able to maintain parity with their pegs at all times
A new BIS research paper finds of the 68 stablecoins 'pegged' to the value of a specific asset, not one of them has been able to maintain parity with their pegs at all times
Economists say the Reserve Bank will be wary of survey results that show shorter term inflation expectations have fallen but longer term expectations for both inflation and interest rates have risen
Economists say the Reserve Bank will be wary of survey results that show shorter term inflation expectations have fallen but longer term expectations for both inflation and interest rates have risen
Influential RBNZ survey shows a small but significant drop in the expected level of inflation in two years time, and a sharp drop in expectations of one-year-out inflation; house prices expected to rise
Influential RBNZ survey shows a small but significant drop in the expected level of inflation in two years time, and a sharp drop in expectations of one-year-out inflation; house prices expected to rise