David Hargreaves

Reserve Bank Governor says the central bank is sorry that New Zealanders are being buffeted by significant shocks and inflation is above target; inflation is no one’s friend and causes economic costs

Reserve Bank Governor says the central bank is sorry that New Zealanders are being buffeted by significant shocks and inflation is above target; inflation is no one’s friend and causes economic costs

Reserve Bank increases its projection of how far house prices will fall and says the lower prices and higher interest rates 'are assumed to result in a sustained slowing in household spending, as households feel less wealthy'

Reserve Bank increases its projection of how far house prices will fall and says the lower prices and higher interest rates 'are assumed to result in a sustained slowing in household spending, as households feel less wealthy'

The Reserve Bank’s going for broke. Hopefully we won’t be the ones going broke

The Reserve Bank’s going for broke. Hopefully we won’t be the ones going broke

Reserve Bank raises Official Cash Rate to a level not seen since 2008; now sees OCR peaking at 5.5% and holding there for a year; forecasting a RECESSION from mid-2023

Reserve Bank raises Official Cash Rate to a level not seen since 2008; now sees OCR peaking at 5.5% and holding there for a year; forecasting a RECESSION from mid-2023

David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review, the last such review for three months. And it's a crucial one

David Hargreaves examines the coming week's Reserve Bank Official Cash Rate review, the last such review for three months. And it's a crucial one

Latest quarterly Reserve Bank figures show new mortgage borrowers are gearing themselves up notably less than has been seen in recent years

Latest quarterly Reserve Bank figures show new mortgage borrowers are gearing themselves up notably less than has been seen in recent years

BNZ economists say they think the Reserve Bank would 'prefer' to hike the OCR by just 50 basis points rather than the 75 that is widely expected in the markets

BNZ economists say they think the Reserve Bank would 'prefer' to hike the OCR by just 50 basis points rather than the 75 that is widely expected in the markets

It will take a 'concerted effort' to squash wage-price spiral dynamics 'that are becoming ever more established' in New Zealand, ANZ economists say

It will take a 'concerted effort' to squash wage-price spiral dynamics 'that are becoming ever more established' in New Zealand, ANZ economists say

Reserve Bank five year review - 'report card' of monetary policy finds that easing in policy during the pandemic was 'warranted and worst-case economic scenarios were avoided'; funding for lending programme 'could have been designed with more flexibility'

Reserve Bank five year review - 'report card' of monetary policy finds that easing in policy during the pandemic was 'warranted and worst-case economic scenarios were avoided'; funding for lending programme 'could have been designed with more flexibility'

In their quarterly economic outlook ANZ economists say the Reserve Bank 'should be worried' about how developed the wage price spiral has become

In their quarterly economic outlook ANZ economists say the Reserve Bank 'should be worried' about how developed the wage price spiral has become

David Hargreaves says as the Reserve Bank is forced to raise the Official Cash Rate higher than it intended, the stakes also get higher for our economy

David Hargreaves says as the Reserve Bank is forced to raise the Official Cash Rate higher than it intended, the stakes also get higher for our economy

Influential RBNZ survey shows considerable rise in expectations of inflation in two years time, with a rate of 3.62%, and even the much longer-term expectations for five years and 10 years have risen above the RBNZ's explicit 2% target

Influential RBNZ survey shows considerable rise in expectations of inflation in two years time, with a rate of 3.62%, and even the much longer-term expectations for five years and 10 years have risen above the RBNZ's explicit 2% target

Finance Minister Grant Robertson says he's 'pleased' to reappoint Adrian Orr as Governor of the Reserve Bank for another term, effective from March next year; National Party says it's 'appalled'

Finance Minister Grant Robertson says he's 'pleased' to reappoint Adrian Orr as Governor of the Reserve Bank for another term, effective from March next year; National Party says it's 'appalled'

Reserve Bank Governor offers advice on how debt-stressed customers can deal with their banks and says our banks have 'no appetite' to take back houses they have loaned on

Reserve Bank Governor offers advice on how debt-stressed customers can deal with their banks and says our banks have 'no appetite' to take back houses they have loaned on

a2 shares jump about 7% after the company says the US Food and Drug Administration has approved a2's application to send infant milk formula products into the US

a2 shares jump about 7% after the company says the US Food and Drug Administration has approved a2's application to send infant milk formula products into the US

Statistics New Zealand says the unemployment rate has remained at 3.3%; but private sector hourly wages have risen more than anybody forecast - which could have big ramifications for interest rate rises; RBNZ says employment situation 'not sustainable'

Statistics New Zealand says the unemployment rate has remained at 3.3%; but private sector hourly wages have risen more than anybody forecast - which could have big ramifications for interest rate rises; RBNZ says employment situation 'not sustainable'

Latest Reserve Bank Financial Stability Report says continued decline in house prices 'remains desirable' for long term financial stability

Latest Reserve Bank Financial Stability Report says continued decline in house prices 'remains desirable' for long term financial stability

We seem to be taking eye-watering rises in mortgage interest rates in our stride - but are we really? David Hargreaves tries to assess where we are with the rising interest rate 'cycle' and whether there is more trouble ahead

We seem to be taking eye-watering rises in mortgage interest rates in our stride - but are we really? David Hargreaves tries to assess where we are with the rising interest rate 'cycle' and whether there is more trouble ahead

Latest RBNZ lending figures show the total stock of mortgage borrowing grew by 5.7% in the year to September, which compares with double digit growth seen at the same time a year ago

Latest RBNZ lending figures show the total stock of mortgage borrowing grew by 5.7% in the year to September, which compares with double digit growth seen at the same time a year ago

David Hargreaves says labour market figures due to be released in the forthcoming week are arguably more important than the recent inflation figures. That's because they could have a big impact on... inflation

David Hargreaves says labour market figures due to be released in the forthcoming week are arguably more important than the recent inflation figures. That's because they could have a big impact on... inflation

RBNZ figures show that the amount advanced for mortgages in September was the lowest this year so far apart from January, while the amount charged in interest during the quarter climbed to over $3 billion for the first time since 2017

RBNZ figures show that the amount advanced for mortgages in September was the lowest this year so far apart from January, while the amount charged in interest during the quarter climbed to over $3 billion for the first time since 2017

Adrian Orr says tensions between inflation and employment, rising interest rates and financial stability, monetary and long-term fiscal policy, geopolitical concerns and climate change are already testing political consensus within and between countries

Adrian Orr says tensions between inflation and employment, rising interest rates and financial stability, monetary and long-term fiscal policy, geopolitical concerns and climate change are already testing political consensus within and between countries

Latest ANZ Business Outlook Survey shows a drop in business confidence and activity levels - but inflation expectations have risen again

Latest ANZ Business Outlook Survey shows a drop in business confidence and activity levels - but inflation expectations have risen again

Statistics New Zealand says annual inflation for households was 7.7% in the year to September, fueled by housing and food costs

Statistics New Zealand says annual inflation for households was 7.7% in the year to September, fueled by housing and food costs

Independent economic researchers see global economy next year meeting the 'old' IMF description of a recession, while NZ's economy WILL tip into recession; house prices here down 25%

Independent economic researchers see global economy next year meeting the 'old' IMF description of a recession, while NZ's economy WILL tip into recession; house prices here down 25%