About
A senior journalist and news editor with interest.co.nz, David Hargreaves has covered financial markets and economics both in New Zealand and Britain for longer than he cares to mention.
David Hargreaves
Latest articles
Statistics New Zealand says the unemployment rate dropped to 4.7% in the March quarter from 4.9% in December - beating market expectations
5th May 21, 11:06am
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Statistics New Zealand says the unemployment rate dropped to 4.7% in the March quarter from 4.9% in December - beating market expectations
Giant dairy co-operative Fonterra is to launch what it terms a 'comprehensive consultation process' to seek feedback from its farmer shareholders on options for changing its capital structure
5th May 21, 8:59am
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Giant dairy co-operative Fonterra is to launch what it terms a 'comprehensive consultation process' to seek feedback from its farmer shareholders on options for changing its capital structure
Investors accounted for over a third of the growth in the country's bank mortgage stock in the six months to the end of March; meanwhile, on the farm, dairy lending is falling fast
4th May 21, 2:14pm
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Investors accounted for over a third of the growth in the country's bank mortgage stock in the six months to the end of March; meanwhile, on the farm, dairy lending is falling fast
Economists are seeing little change in the unemployment rate when official statistics are released this week
3rd May 21, 11:34am
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Economists are seeing little change in the unemployment rate when official statistics are released this week
David Hargreaves looks at the all-night mortgage borrowing bender Kiwis are going on while lending to 'productive' parts of the economy withers
3rd May 21, 9:22am
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David Hargreaves looks at the all-night mortgage borrowing bender Kiwis are going on while lending to 'productive' parts of the economy withers
Kiwis have again been borrowing up large, with nearly $10.5 billion loaned by the banks in the past month for mortgages; first home buyers borrowed a record amount; investors borrowed close to record levels
29th Apr 21, 3:25pm
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Kiwis have again been borrowing up large, with nearly $10.5 billion loaned by the banks in the past month for mortgages; first home buyers borrowed a record amount; investors borrowed close to record levels
In the latest ANZ Business Outlook Survey, ANZ's economists say the notion that the RBNZ 'might be overcooking things' may well gain some traction in the months ahead
29th Apr 21, 1:35pm
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In the latest ANZ Business Outlook Survey, ANZ's economists say the notion that the RBNZ 'might be overcooking things' may well gain some traction in the months ahead
New guidelines issued by the RBNZ aimed at providing 'over-arching framework' for the governance and management of cyber risk among the financial sector
29th Apr 21, 8:13am
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New guidelines issued by the RBNZ aimed at providing 'over-arching framework' for the governance and management of cyber risk among the financial sector
David Hargreaves doesn't see anything to be too fearful of in the moves by Finance Minister Grant Robertson to get more hands-on with the Reserve Bank's lending restrictions
29th Apr 21, 8:08am
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David Hargreaves doesn't see anything to be too fearful of in the moves by Finance Minister Grant Robertson to get more hands-on with the Reserve Bank's lending restrictions
BNZ economists describe Govt plans to influence bank lending as a "surprise" but say judgement will have to wait until further details are revealed
27th Apr 21, 2:55pm
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BNZ economists describe Govt plans to influence bank lending as a "surprise" but say judgement will have to wait until further details are revealed
Westpac economists see buoyant dairy prices flowing through next season and have hiked their milk price forecast for next year by 75c to $8 per kilogram of milk solids
21st Apr 21, 3:50pm
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Westpac economists see buoyant dairy prices flowing through next season and have hiked their milk price forecast for next year by 75c to $8 per kilogram of milk solids
ANZ economists say after the recent housing policy changes by the Government there's a greater chance that interest rate increases could cause investors to sell up; RBNZ may wait too long to raise rates
21st Apr 21, 2:58pm
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ANZ economists say after the recent housing policy changes by the Government there's a greater chance that interest rate increases could cause investors to sell up; RBNZ may wait too long to raise rates
Statistics New Zealand says the Consumers Price Index rose 0.8% in the March quarter, giving annual inflation of 1.5%; result in line with market forecasts, though lower than the Reserve Bank expected
21st Apr 21, 11:13am
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Statistics New Zealand says the Consumers Price Index rose 0.8% in the March quarter, giving annual inflation of 1.5%; result in line with market forecasts, though lower than the Reserve Bank expected
Financial Markets Authority says advertising returns for the 12-month period to March 2021 could mislead investors - as it shows none of the severe February-March selloff in the markets last year but all of the subsequent recovery
21st Apr 21, 9:18am
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Financial Markets Authority says advertising returns for the 12-month period to March 2021 could mislead investors - as it shows none of the severe February-March selloff in the markets last year but all of the subsequent recovery
Kiwibank economists say housing supply should be able to meet demand by 2024 and we could even see an over-supply, leading to improved affordability; house price growth to fall to 1% by end of 2022
19th Apr 21, 3:33pm
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Kiwibank economists say housing supply should be able to meet demand by 2024 and we could even see an over-supply, leading to improved affordability; house price growth to fall to 1% by end of 2022
Economists see short term inflationary pressures due to one-off costs, but expect these to recede as the year goes on and see little imminent need for interest rate rises
19th Apr 21, 11:35am
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Economists see short term inflationary pressures due to one-off costs, but expect these to recede as the year goes on and see little imminent need for interest rate rises
US retail sales sizzle; American job claims plummet; Canada's economy struggling; UST 10yr at 1.55%; oil steady, gold up; NZ$1 = 71.7 USc; TWI-5 = 73.7
16th Apr 21, 7:20am
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US retail sales sizzle; American job claims plummet; Canada's economy struggling; UST 10yr at 1.55%; oil steady, gold up; NZ$1 = 71.7 USc; TWI-5 = 73.7
Fed says US recovery 'accelerated'; Powell says 'taper' will come before rate rises; Coinbase lists; UST 10yr at 1.64%; oil much firmer, gold down; NZ$1 = 71.5 USc; TWI-5 = 73.5
15th Apr 21, 7:20am
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Fed says US recovery 'accelerated'; Powell says 'taper' will come before rate rises; Coinbase lists; UST 10yr at 1.64%; oil much firmer, gold down; NZ$1 = 71.5 USc; TWI-5 = 73.5
US inflation surges; China's imports rise very strongly; Australian business conditions hit a high; UST 10yr at 1.63%; oil slightly firmer, gold up; NZ$1 = 70.5 USc; TWI-5 = 72.7
14th Apr 21, 7:20am
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US inflation surges; China's imports rise very strongly; Australian business conditions hit a high; UST 10yr at 1.63%; oil slightly firmer, gold up; NZ$1 = 70.5 USc; TWI-5 = 72.7
Latest NZIER Quarterly Survey of Business Opinion shows that supply chain disruptions 'are contributing to the intense cost pressures across most sectors'; inflation likely to rise
13th Apr 21, 10:23am
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Latest NZIER Quarterly Survey of Business Opinion shows that supply chain disruptions 'are contributing to the intense cost pressures across most sectors'; inflation likely to rise
Credit bureau Centrix says buy now pay later demand has fallen to its lowest level in nearly a year, but elsewhere credit demand has recovered
13th Apr 21, 8:31am
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Credit bureau Centrix says buy now pay later demand has fallen to its lowest level in nearly a year, but elsewhere credit demand has recovered
US inflation expectations up; Sharp rise in Canadian business sentiment; China corporate lending up; Japanese bank lending up; Japanese producer prices surge; UST 10yr at 1.67%; oil steady, gold down; NZ$1 = 70.3 USc; TWI-5 = 72.7
13th Apr 21, 7:20am
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US inflation expectations up; Sharp rise in Canadian business sentiment; China corporate lending up; Japanese bank lending up; Japanese producer prices surge; UST 10yr at 1.67%; oil steady, gold down; NZ$1 = 70.3 USc; TWI-5 = 72.7
Central banks wait; Alibaba slapped hard; US inflation pressures; Canada's housing worries; UST 10yr at 1.66%; oil unchanged; gold small gain; NZ$1 = 70.3 USc; TWI-5 = 72.7
12th Apr 21, 7:20am
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Central banks wait; Alibaba slapped hard; US inflation pressures; Canada's housing worries; UST 10yr at 1.66%; oil unchanged; gold small gain; NZ$1 = 70.3 USc; TWI-5 = 72.7
Westpac economists say landlords might be better off selling their property to the tenants rather than trying to push through large rent hikes
10th Apr 21, 10:00am
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Westpac economists say landlords might be better off selling their property to the tenants rather than trying to push through large rent hikes
US producer prices surge; Canada adds loads of jobs; More house price pressure; UST 10yr at 1.67%; oil steady, gold down; NZ$1 = 70.4 USc; TWI-5 = 72.8
10th Apr 21, 8:30am
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US producer prices surge; Canada adds loads of jobs; More house price pressure; UST 10yr at 1.67%; oil steady, gold down; NZ$1 = 70.4 USc; TWI-5 = 72.8