David Hargreaves

RBNZ chief economist Paul Conway says the central bank will have to 'feel its way' as the OCR gets closer to its estimate of neutral and he doesn't see a return to 'ultra-low' rates seen during the early stages of the pandemic any time soon

RBNZ chief economist Paul Conway says the central bank will have to 'feel its way' as the OCR gets closer to its estimate of neutral and he doesn't see a return to 'ultra-low' rates seen during the early stages of the pandemic any time soon

Another monthly rise in the number of filled jobs in December may indicate that New Zealand's rate of unemployment is close to peaking

Another monthly rise in the number of filled jobs in December may indicate that New Zealand's rate of unemployment is close to peaking

HSBC economists expect the Official Cash Rate to be down to 3% by the third quarter of this year and see the economy growing 1.8% in 2025 and 2.5% next year

HSBC economists expect the Official Cash Rate to be down to 3% by the third quarter of this year and see the economy growing 1.8% in 2025 and 2.5% next year

BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'

BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'

Monthly retail spending figures ended the year on a stronger footing after much weakness in spending throughout 2024

Monthly retail spending figures ended the year on a stronger footing after much weakness in spending throughout 2024

Activity in NZ's services sector contracted further in December, matching a more contractionary performance in the month from the manufacturing sector as well

Activity in NZ's services sector contracted further in December, matching a more contractionary performance in the month from the manufacturing sector as well

David Hargreaves says the December quarter inflation figures to be released in the coming week should paint a 'so-far-so-good' picture, but further out the view looks rather more murky

David Hargreaves says the December quarter inflation figures to be released in the coming week should paint a 'so-far-so-good' picture, but further out the view looks rather more murky

Statistics NZ's Selected Price Indexes show moderate price pressures over December, indicating few likely nasty surprises in next week's December quarter inflation figures

Statistics NZ's Selected Price Indexes show moderate price pressures over December, indicating few likely nasty surprises in next week's December quarter inflation figures

Westpac says spending on its credit and debit cards was up just 2% in December compared with the previous year

Westpac says spending on its credit and debit cards was up just 2% in December compared with the previous year

Westpac McDermott Miller Employment Confidence Survey shows rise, but confidence remains close to its lowest levels since the 2020 Covid lockdown

Westpac McDermott Miller Employment Confidence Survey shows rise, but confidence remains close to its lowest levels since the 2020 Covid lockdown

Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month

Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month

Floating mortgage rates see a huge surge in popularity, with over $3.5 billion of lending done at floating rates in November, according to new RBNZ figures

Floating mortgage rates see a huge surge in popularity, with over $3.5 billion of lending done at floating rates in November, according to new RBNZ figures

Latest Stats NZ figures show filled jobs rose by nearly 6,000 in November - the first monthly rise since March 2024

Latest Stats NZ figures show filled jobs rose by nearly 6,000 in November - the first monthly rise since March 2024

Latest ANZ Business Outlook survey shows companies reporting a significant increase in activity - but there was a 'surprising' rise in expected costs as well

Latest ANZ Business Outlook survey shows companies reporting a significant increase in activity - but there was a 'surprising' rise in expected costs as well

The deficit between what we earn overseas and what we spend has dropped to 6.4% of GDP, but remains at levels seen as too high by economists

The deficit between what we earn overseas and what we spend has dropped to 6.4% of GDP, but remains at levels seen as too high by economists

DairyNZ says a combination of higher income and reduced interest costs will result in 'a substantial increase in cash surplus' for the country's dairy farmers

DairyNZ says a combination of higher income and reduced interest costs will result in 'a substantial increase in cash surplus' for the country's dairy farmers

NZIER's latest quarterly consensus forecasts see higher household spending on the back of interest rate falls, but GDP growth forecasts are virtually unchanged from the previous quarter

NZIER's latest quarterly consensus forecasts see higher household spending on the back of interest rate falls, but GDP growth forecasts are virtually unchanged from the previous quarter

Statistics NZ's Selected Price Indexes show continuing subdued pricing pressures - other than a spike in air fare and accommodation costs that 'coincided' with performances around the country by several global overseas artists

Statistics NZ's Selected Price Indexes show continuing subdued pricing pressures - other than a spike in air fare and accommodation costs that 'coincided' with performances around the country by several global overseas artists

Activity in NZ's services sector has improved, but still remains at contractionary levels, while manufacturing has moved further into contraction

Activity in NZ's services sector has improved, but still remains at contractionary levels, while manufacturing has moved further into contraction

David Hargreaves examines the upcoming GDP figures, likely to show our economy having contracted for five out of the last eight quarters

David Hargreaves examines the upcoming GDP figures, likely to show our economy having contracted for five out of the last eight quarters

David Hargreaves examines the prospects for a New Year that appears to offer a lot - but in both potentially good and bad ways

David Hargreaves examines the prospects for a New Year that appears to offer a lot - but in both potentially good and bad ways

Monthly retail spending figures were flat in November after showing the strongest rise in months in October

Monthly retail spending figures were flat in November after showing the strongest rise in months in October

Latest Reserve Bank figures show a sharp rise in the amount of new borrowing on floating rates, while among fixed rates the one-year term has soared in popularity

Latest Reserve Bank figures show a sharp rise in the amount of new borrowing on floating rates, while among fixed rates the one-year term has soared in popularity

David Hargreaves sums up a year notable for getting inflation under control - but at great cost to the economy

David Hargreaves sums up a year notable for getting inflation under control - but at great cost to the economy

Fonterra raises what was already a record milk price forecast by another 50c and says it's on track to make forecast earnings guidance this year

Fonterra raises what was already a record milk price forecast by another 50c and says it's on track to make forecast earnings guidance this year