David Hargreaves

RBNZ Governor says the central bank needs to 'retain anti-inflation bias in everything we do' to prevent inflation expectations becoming 'baked in' to price setting

RBNZ Governor says the central bank needs to 'retain anti-inflation bias in everything we do' to prevent inflation expectations becoming 'baked in' to price setting

The forthcoming inflation figures are set to have a '7' in front of them for the first time in over 30 years; the real question is what this does to 'inflation expectations' and how ingrained price rises may become

The forthcoming inflation figures are set to have a '7' in front of them for the first time in over 30 years; the real question is what this does to 'inflation expectations' and how ingrained price rises may become

David Hargreaves says the RBNZ needed to send a message to the markets that rampant inflation is its sole priority at the moment; an approach that is made possible by the - for now - buoyant state of the labour market

David Hargreaves says the RBNZ needed to send a message to the markets that rampant inflation is its sole priority at the moment; an approach that is made possible by the - for now - buoyant state of the labour market

Statistics New Zealand says the 7.6% annual hike in food prices is the biggest since 2011 - and that was affected by a GST rise; general inflation set to top 7% annual rate as at end of March

Statistics New Zealand says the 7.6% annual hike in food prices is the biggest since 2011 - and that was affected by a GST rise; general inflation set to top 7% annual rate as at end of March

ANZ economists say latest survey results shows urgent need for RBNZ to hike rates; ANZ sees likely annual inflation of 7.1% as of March quarter end

ANZ economists say latest survey results shows urgent need for RBNZ to hike rates; ANZ sees likely annual inflation of 7.1% as of March quarter end

ASB economists say last week's 'big lift' in wholesale interest rates added to the upside pressure on mortgage rates

ASB economists say last week's 'big lift' in wholesale interest rates added to the upside pressure on mortgage rates

Latest Kiwibank household spending data shows that the March quarter spending was 'especially weak'

Latest Kiwibank household spending data shows that the March quarter spending was 'especially weak'

Falling levels of milk production here and overseas should see milk prices start next season 'on the front foot', Westpac economists say

Falling levels of milk production here and overseas should see milk prices start next season 'on the front foot', Westpac economists say

Research done for the Retirement Commission appears to indicate that withdrawals to buy homes have had a big impact on retirement savings of young New Zealanders

Research done for the Retirement Commission appears to indicate that withdrawals to buy homes have had a big impact on retirement savings of young New Zealanders

David Hargreaves examines two key speeches made this week that signal how bad inflation is getting - and why it will not be a short run thing

David Hargreaves examines two key speeches made this week that signal how bad inflation is getting - and why it will not be a short run thing

David Hargreaves frets about developments in China and can see little hope for inflationary pressures easing in the short term

David Hargreaves frets about developments in China and can see little hope for inflationary pressures easing in the short term

ASB economists sticking with their pick of 25 basis point hikes at each of the next two RBNZ rate review, but concede the odds 'aren't much better than a coinflip at this point in proceedings'

ASB economists sticking with their pick of 25 basis point hikes at each of the next two RBNZ rate review, but concede the odds 'aren't much better than a coinflip at this point in proceedings'

Latest Reserve Bank figures show slowing mortgage growth, but business lending is growing at its fastest rate since before the pandemic

Latest Reserve Bank figures show slowing mortgage growth, but business lending is growing at its fastest rate since before the pandemic

David Hargreaves wishes Air New Zealand well but thinks their announced capital raising is a little light and they may need to find more money later

David Hargreaves wishes Air New Zealand well but thinks their announced capital raising is a little light and they may need to find more money later

Xero warns rising wages are a pressure point for small businesses that will ultimately drive up the cost of operations and could contribute to inflation if not matched by increased productivity

Xero warns rising wages are a pressure point for small businesses that will ultimately drive up the cost of operations and could contribute to inflation if not matched by increased productivity

Latest ANZ Business Outlook Survey shows inflation expectations reaching a record survey high, while a 'remarkable' 96% of firms expect higher costs and their pricing intentions have moved into 'uncharted territory'

Latest ANZ Business Outlook Survey shows inflation expectations reaching a record survey high, while a 'remarkable' 96% of firms expect higher costs and their pricing intentions have moved into 'uncharted territory'

David Hargreaves ponders the new environment ahead in which seemingly we will no longer just trade with anybody, and which might end up costing us quite a bit more

David Hargreaves ponders the new environment ahead in which seemingly we will no longer just trade with anybody, and which might end up costing us quite a bit more

NZ Super Fund says it plans a development that would power over 650,000 homes and be much the biggest of its type in the country

NZ Super Fund says it plans a development that would power over 650,000 homes and be much the biggest of its type in the country

Kiwibank economists say exit of people from NZ could be similar to the Aussie mining-fuelled outflow back in 2011

Kiwibank economists say exit of people from NZ could be similar to the Aussie mining-fuelled outflow back in 2011

Independent global economic researcher Capital Economics says some countries' housing markets look vulnerable to 'even a modest rise' in interest rates - and the New Zealand market is pinpointed as one for particular concern

Independent global economic researcher Capital Economics says some countries' housing markets look vulnerable to 'even a modest rise' in interest rates - and the New Zealand market is pinpointed as one for particular concern

Reserve Bank figures show February mortgage borrowing rose strongly from January's figures, but first home buyers are getting a smaller share of the lending

Reserve Bank figures show February mortgage borrowing rose strongly from January's figures, but first home buyers are getting a smaller share of the lending

David Hargreaves says the poor planning of the Government coupled with a worsening economic scenario doesn't bode well for our moves to reconnect with the world

David Hargreaves says the poor planning of the Government coupled with a worsening economic scenario doesn't bode well for our moves to reconnect with the world

ASB economists see a $15 bln hit to NZ's household budgets this year, with housing costs spiking 8%

ASB economists see a $15 bln hit to NZ's household budgets this year, with housing costs spiking 8%

ANZ economists say the Reserve Bank will need to 'move aggressively' to defend its inflation target from people's rising expectations - and that won't be good for economic growth

ANZ economists say the Reserve Bank will need to 'move aggressively' to defend its inflation target from people's rising expectations - and that won't be good for economic growth

Inflation has so much strength and persistence that the RBNZ will likely need to keep raising interest rates despite softening house prices, ANZ economists say

Inflation has so much strength and persistence that the RBNZ will likely need to keep raising interest rates despite softening house prices, ANZ economists say