David Hargreaves

ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November

ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November

Reserve Bank figures show the near-moribund mortgage market is being propped up by first-timers as April lending figures continue to reflect the sagging house prices

Reserve Bank figures show the near-moribund mortgage market is being propped up by first-timers as April lending figures continue to reflect the sagging house prices

With just days to go to the end of the current season, Fonterra has downgraded its milk price forecast to an implied $8.20, while its first forecast price for the new season implies a price of $8; is promising a 'strong' dividend

With just days to go to the end of the current season, Fonterra has downgraded its milk price forecast to an implied $8.20, while its first forecast price for the new season implies a price of $8; is promising a 'strong' dividend

The Reserve Bank is now indicating it thinks the falls in house prices will slow during this year and will be about finished by the start of next year

The Reserve Bank is now indicating it thinks the falls in house prices will slow during this year and will be about finished by the start of next year

Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise

Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise

Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter

Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter

Mortgage broker boss urges Reserve Bank to hold fire on another Official Cash Rate hike

Mortgage broker boss urges Reserve Bank to hold fire on another Official Cash Rate hike

A survey for the Reserve Bank shows that households think inflation is going to actually rise in the short term and still be 4.5% in two years' time

A survey for the Reserve Bank shows that households think inflation is going to actually rise in the short term and still be 4.5% in two years' time

The Reserve Bank is almost being 'out-hawked' by economists as they bid up the odds of higher interest rates ahead of this week's latest Official Cash Rate decision

The Reserve Bank is almost being 'out-hawked' by economists as they bid up the odds of higher interest rates ahead of this week's latest Official Cash Rate decision

David Hargreaves examines the coming week's Reserve Bank OCR review and says much attention will be on whatever the RBNZ indicates it might do next - rather than what it actually does on the day. Will there be surprises? Oh, probably

David Hargreaves examines the coming week's Reserve Bank OCR review and says much attention will be on whatever the RBNZ indicates it might do next - rather than what it actually does on the day. Will there be surprises? Oh, probably

Latest RBNZ figures show NZ's new mortgage borrowers stretching themselves much less than has been seen in recent years in regards to the amount of debt they're taking on relative to income

Latest RBNZ figures show NZ's new mortgage borrowers stretching themselves much less than has been seen in recent years in regards to the amount of debt they're taking on relative to income

BNZ economists say the Reserve Bank's next move is likely to be heavily influenced by its assumptions of the supply and demand impacts of a net migration inflow that is 'much stronger than anyone believed'

BNZ economists say the Reserve Bank's next move is likely to be heavily influenced by its assumptions of the supply and demand impacts of a net migration inflow that is 'much stronger than anyone believed'

Surging inbound migration seen adding demand to the New Zealand economy, with Westpac economists now forecasting a net gain of 100,000 migrants this year

Surging inbound migration seen adding demand to the New Zealand economy, with Westpac economists now forecasting a net gain of 100,000 migrants this year

ANZ economists say latest sales figures are consistent with a housing market that's nearing a turn, while the increased demand for housing from migration is likely to put upward pressure on prices

ANZ economists say latest sales figures are consistent with a housing market that's nearing a turn, while the increased demand for housing from migration is likely to put upward pressure on prices

David Hargreaves looks at some issues that need tackling ahead of the next housing boom, because yes, there will be another

David Hargreaves looks at some issues that need tackling ahead of the next housing boom, because yes, there will be another

Westpac NZ economists say stronger measures will be needed in the grocery sector to generate enough competition to deliver the outcomes the Government seeks

Westpac NZ economists say stronger measures will be needed in the grocery sector to generate enough competition to deliver the outcomes the Government seeks

Food prices up 12.5% in the year to April 2023 - the highest annual rate of increase seen since 1987; National's Willis says household budgets have 'nowhere to hide'

Food prices up 12.5% in the year to April 2023 - the highest annual rate of increase seen since 1987; National's Willis says household budgets have 'nowhere to hide'

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