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David Hargreaves

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.

Member for

12 years 7 months

Latest articles

Government says the 'end is in sight' for high-cost lenders and truck shops who trap the vulnerable in debt
4th Jun 20, 2:02pm
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Government says the 'end is in sight' for high-cost lenders and truck shops who trap the vulnerable in debt
With a likely move to the near-normality of level 1 soon, crunch time is approaching for the economy, the jobs market and the housing market
4th Jun 20, 11:57am
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With a likely move to the near-normality of level 1 soon, crunch time is approaching for the economy, the jobs market and the housing market
David Hargreaves says ANZ could never fully redeem itself after what has been a tortuous sale of UDC Finance - but the final outcome is about as good as could be imagined in the circumstances
3rd Jun 20, 11:00am
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David Hargreaves says ANZ could never fully redeem itself after what has been a tortuous sale of UDC Finance - but the final outcome is about as good as could be imagined in the circumstances
Westpac economists say some recent data is tentatively suggesting that the economic situation may not be quite as severe as they had been predicting
2nd Jun 20, 11:46am
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Westpac economists say some recent data is tentatively suggesting that the economic situation may not be quite as severe as they had been predicting
Economists at the country's biggest bank say based on their bank's card data, spending has returned to 'normal' - but there's no sign of any catch-up on spending that was 'lost' during lockdown
28th May 20, 2:40pm
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Economists at the country's biggest bank say based on their bank's card data, spending has returned to 'normal' - but there's no sign of any catch-up on spending that was 'lost' during lockdown
ANZ Business Outlook for May: 'While the outright disruption is easing, the recession is just getting started'
28th May 20, 1:16pm
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ANZ Business Outlook for May: 'While the outright disruption is easing, the recession is just getting started'
Figures produced by the RBNZ suggest that house price falls in excess of 20% would start to produce large numbers of people in negative equity
27th May 20, 11:34am
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Figures produced by the RBNZ suggest that house price falls in excess of 20% would start to produce large numbers of people in negative equity
The Reserve Bank says in the lead-up to the level 4 lockdown some $800 mln of extra cash was pumped into circulation
27th May 20, 10:51am
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The Reserve Bank says in the lead-up to the level 4 lockdown some $800 mln of extra cash was pumped into circulation
ASB says confidence in the housing market outlook has fallen to a near eight-year low, with expectations for this to fall further in coming months
27th May 20, 5:02am
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ASB says confidence in the housing market outlook has fallen to a near eight-year low, with expectations for this to fall further in coming months
Monthly mortgage borrowing more than halved in April compared with the previous month, according to new Reserve Bank figures
26th May 20, 3:30pm
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Monthly mortgage borrowing more than halved in April compared with the previous month, according to new Reserve Bank figures
Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
26th May 20, 10:17am
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Our national airline says there's still too much uncertainty to forecast earnings for the financial year that ends in a month, but says it hasn't needed to draw on the $900m loan facility offered by the taxpayer yet
Reserve Bank figures show credit card billings plunged 41.3% in April, bringing billings back to levels last seen in 2006
21st May 20, 3:16pm
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Reserve Bank figures show credit card billings plunged 41.3% in April, bringing billings back to levels last seen in 2006
David Hargreaves says the next few months will be a big test for the banks - and how the banks react is likely to be long-remembered by the public
21st May 20, 11:25am
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David Hargreaves says the next few months will be a big test for the banks - and how the banks react is likely to be long-remembered by the public
Fonterra says wide ranging milk price forecast for new season reflects global uncertainty; mid price for current season now set at $7.20; earnings for current year still picked to be between 15c-25c a share
21st May 20, 8:53am
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Fonterra says wide ranging milk price forecast for new season reflects global uncertainty; mid price for current season now set at $7.20; earnings for current year still picked to be between 15c-25c a share
Participants in the Reserve Bank's household expectations survey are forecasting inflation of 3.2% over the next year, while over half of them are worried about losing their jobs
20th May 20, 3:39pm
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Participants in the Reserve Bank's household expectations survey are forecasting inflation of 3.2% over the next year, while over half of them are worried about losing their jobs
Fletcher Building says the lockdown resulted in it losing $55 million in New Zealand during April; sees residential building consents plummeting by 30% over the next year
20th May 20, 8:56am
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Fletcher Building says the lockdown resulted in it losing $55 million in New Zealand during April; sees residential building consents plummeting by 30% over the next year
David Hargreaves has a deeper dive through the Reserve Bank's latest figures on mortgage lending by debt-to-income ratio and finds that buyers across the spectrum have been stretching themselves further
19th May 20, 1:58pm
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David Hargreaves has a deeper dive through the Reserve Bank's latest figures on mortgage lending by debt-to-income ratio and finds that buyers across the spectrum have been stretching themselves further
New Reserve Bank figures show that household debt to income ratios continued to blow out right up till the lockdown - and first home buyers were in the frontline
18th May 20, 3:50pm
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New Reserve Bank figures show that household debt to income ratios continued to blow out right up till the lockdown - and first home buyers were in the frontline
ANZ economists now predict the Reserve Bank will increase the quantitative easing programme to $90 billion by August if not sooner
18th May 20, 10:39am
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ANZ economists now predict the Reserve Bank will increase the quantitative easing programme to $90 billion by August if not sooner
We wrap up some of the public comments made in reaction to the 2020 Budget
14th May 20, 3:05pm
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We wrap up some of the public comments made in reaction to the 2020 Budget
The Reserve Bank has put forward three scenarios for how the economy might pan out depending on what level of pandemic containment measures will be required. None of the scenarios are rosy
13th May 20, 5:21pm
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The Reserve Bank has put forward three scenarios for how the economy might pan out depending on what level of pandemic containment measures will be required. None of the scenarios are rosy
Reserve Bank says it will be 'closely monitoring' movements in retail interest rates and bank margins; sees house prices falling 9% over the rest of this year
13th May 20, 3:11pm
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Reserve Bank says it will be 'closely monitoring' movements in retail interest rates and bank margins; sees house prices falling 9% over the rest of this year
ANZ Business Outlook preliminary results for May saw a rise in 'forward-looking activity indicators' but levels remain very low
11th May 20, 1:09pm
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ANZ Business Outlook preliminary results for May saw a rise in 'forward-looking activity indicators' but levels remain very low
Statistics New Zealand says the impact of the lockdown saw each New Zealander on average spending about $520 less in April than they did in March
11th May 20, 10:58am
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Statistics New Zealand says the impact of the lockdown saw each New Zealander on average spending about $520 less in April than they did in March
Z cancels final dividend for year after reporting $88 million after-tax loss; has attained some 'covenant relief' from lenders; aims to reduce costs by up to $96 mln this year
11th May 20, 9:28am
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Z cancels final dividend for year after reporting $88 million after-tax loss; has attained some 'covenant relief' from lenders; aims to reduce costs by up to $96 mln this year