David Hargreaves

Auckland spending has bounced after the loosening of Covid restrictions, but services spending is still well down, according to Kiwibank credit and debit card data

Auckland spending has bounced after the loosening of Covid restrictions, but services spending is still well down, according to Kiwibank credit and debit card data

ANZ economists see 'a relatively middle of the road outlook' for a period of weaker-than-average house price growth over 2022, but a gradual return to average over 2023

ANZ economists see 'a relatively middle of the road outlook' for a period of weaker-than-average house price growth over 2022, but a gradual return to average over 2023

Westpac's head of NZ strategy Imre Speizer says the current rush to fix mortgages is likely to continue into next year, which will keep pressure on swap rates

Westpac's head of NZ strategy Imre Speizer says the current rush to fix mortgages is likely to continue into next year, which will keep pressure on swap rates

New Reserve Bank debt to income figures show the extent to which housing investors filled their boots during the low-interest, LVR-free days of last year and into this year

New Reserve Bank debt to income figures show the extent to which housing investors filled their boots during the low-interest, LVR-free days of last year and into this year

New figures show house buyers are still stretching themselves ever more as the RBNZ prepares to consult on possible DTI limits

New figures show house buyers are still stretching themselves ever more as the RBNZ prepares to consult on possible DTI limits

Kiwibank economists, who have this year been highlighting upside risks to interest rates now say some wholesale rates have gone too far and will be 'pulled down'

Kiwibank economists, who have this year been highlighting upside risks to interest rates now say some wholesale rates have gone too far and will be 'pulled down'

With the economic situation looking particularly tricky, David Hargreaves wonders if the Reserve Bank needs to give itself more options as it mulls the final interest rate review of the year

With the economic situation looking particularly tricky, David Hargreaves wonders if the Reserve Bank needs to give itself more options as it mulls the final interest rate review of the year

NZ's extremely high current levels of housing construction cannot be sustained without a large and sharp recovery in net migration over 2022 and 2023, ASB economists say

NZ's extremely high current levels of housing construction cannot be sustained without a large and sharp recovery in net migration over 2022 and 2023, ASB economists say

Preliminary ANZ Business Outlook Survey results for November saw business confidence fall and nearly all forward indicators ease

Preliminary ANZ Business Outlook Survey results for November saw business confidence fall and nearly all forward indicators ease

Fonterra has made some late tweaks to its capital restructuring proposals; needs to 'keep working' with Govt on what changes may mean to Dairy Industry Restructuring Act

Fonterra has made some late tweaks to its capital restructuring proposals; needs to 'keep working' with Govt on what changes may mean to Dairy Industry Restructuring Act

Gloom and doom predictions about the house market last year couldn't have been more wrong - but now the rising interest rates provide a new risk of an entirely different nature

Gloom and doom predictions about the house market last year couldn't have been more wrong - but now the rising interest rates provide a new risk of an entirely different nature

The Government will pay up to 90% of losses on festivals that are cancelled

The Government will pay up to 90% of losses on festivals that are cancelled

BNZ economists say the single biggest uncertainty facing the economy over the next twelve months is how business and consumer sentiment responds to endemic Covid

BNZ economists say the single biggest uncertainty facing the economy over the next twelve months is how business and consumer sentiment responds to endemic Covid

Westpac economists say two-year fixed mortgage rates are already closer to their peak than their trough in the current cycle

Westpac economists say two-year fixed mortgage rates are already closer to their peak than their trough in the current cycle

Productivity Commission says NZ governments need to - ahead of time - build the assets and infrastructure that are required to prepare for and support a growing population

Productivity Commission says NZ governments need to - ahead of time - build the assets and infrastructure that are required to prepare for and support a growing population

David Hargreaves says the Reserve Bank Governor's cautionary words about New Zealanders not putting all their eggs in the housing basket will likely fall on deaf ears

David Hargreaves says the Reserve Bank Governor's cautionary words about New Zealanders not putting all their eggs in the housing basket will likely fall on deaf ears

Westpac acting chief economist Michael Gordon says the starting point for the NZ economy in this cycle is 'wildly stronger' than the Reserve Bank expected, and the upside risks for inflation are growing

Westpac acting chief economist Michael Gordon says the starting point for the NZ economy in this cycle is 'wildly stronger' than the Reserve Bank expected, and the upside risks for inflation are growing

Latest labour market figures blow all economists' expectations out of the water once again

Latest labour market figures blow all economists' expectations out of the water once again

Reserve Bank analysis suggests that as interest rates 'normalise' and supply continues to enter the market over the coming years, house prices are likely come under pressure to realign with fundamental values

Reserve Bank analysis suggests that as interest rates 'normalise' and supply continues to enter the market over the coming years, house prices are likely come under pressure to realign with fundamental values

'Simply ‘doubling down’ on the same set of risks (i.e., similar assets) is not diversification,' Reserve Bank Governor says

'Simply ‘doubling down’ on the same set of risks (i.e., similar assets) is not diversification,' Reserve Bank Governor says

This week's labour market figures seem set to be 'noisy' due to Covid disruptions, but should show falling unemployment and rising wage levels

This week's labour market figures seem set to be 'noisy' due to Covid disruptions, but should show falling unemployment and rising wage levels

89 new Covid cases on Thursday; MIQ stays to be cut to seven days for fully vaccinated

89 new Covid cases on Thursday; MIQ stays to be cut to seven days for fully vaccinated

Latest Reserve Bank monthly figures show $6.9 billion of mortgages were advanced - which is just $400 mln short of a then record total recorded in September last year

Latest Reserve Bank monthly figures show $6.9 billion of mortgages were advanced - which is just $400 mln short of a then record total recorded in September last year

Latest ANZ Business Outlook shows over 90% of firms in every sector apart from services facing higher costs; inflation expectations blowing out

Latest ANZ Business Outlook shows over 90% of firms in every sector apart from services facing higher costs; inflation expectations blowing out

Statistics NZ says September was the third record month in a row for imports, with the figure reaching $6.6 billion - up 30% on the same month a year ago

Statistics NZ says September was the third record month in a row for imports, with the figure reaching $6.6 billion - up 30% on the same month a year ago