David Hargreaves

Households plunged an extra $2 billion into term deposits in July as they sought to take advantage of high interest rates ahead of anticipated reductions in the rates

Households plunged an extra $2 billion into term deposits in July as they sought to take advantage of high interest rates ahead of anticipated reductions in the rates

'Things are looking up, albeit from a pretty dark place for many firms', says ANZ; Finance Minister says the survey shows businesses 'are feeling a whole lot better about the future'

'Things are looking up, albeit from a pretty dark place for many firms', says ANZ; Finance Minister says the survey shows businesses 'are feeling a whole lot better about the future'

Our national airline is not providing any profit guidance for the new financial year in which it expects the 'tougher economic backdrop' of the past year to continue

Our national airline is not providing any profit guidance for the new financial year in which it expects the 'tougher economic backdrop' of the past year to continue

Latest monthly figures from the Reserve Bank reveal our central bank now has over NZ$22 billion worth of 'foreign currency intervention' capacity

Latest monthly figures from the Reserve Bank reveal our central bank now has over NZ$22 billion worth of 'foreign currency intervention' capacity

HSBC economist Paul Bloxham is suggesting ways New Zealand could reclaim the former superstar status he bestowed upon us

HSBC economist Paul Bloxham is suggesting ways New Zealand could reclaim the former superstar status he bestowed upon us

Employment enters weakest period since the Global Financial Crisis with the number of filled jobs down 0.5% on the same time a year ago

Employment enters weakest period since the Global Financial Crisis with the number of filled jobs down 0.5% on the same time a year ago

Latest quarterly Reserve Bank figures show now the long-expected DTI limits are finally with us, we can actually forget all about them - for the moment

Latest quarterly Reserve Bank figures show now the long-expected DTI limits are finally with us, we can actually forget all about them - for the moment

'We see recent falls in mortgage rates as more about preventing a deeper correction in house prices than providing the fuel for an immediate lurch higher'

'We see recent falls in mortgage rates as more about preventing a deeper correction in house prices than providing the fuel for an immediate lurch higher'

Latest Reserve Bank mortgage figures show investors came close to overtaking first home buyers in the month of July

Latest Reserve Bank mortgage figures show investors came close to overtaking first home buyers in the month of July

Now that interest rates are officially on the way down, David Hargreaves has a crunch of some numbers that might help us to determine when the economy will pick up again

Now that interest rates are officially on the way down, David Hargreaves has a crunch of some numbers that might help us to determine when the economy will pick up again

Kiwibank grows its lending book 9.3% to $32.4 billion and says it is up for the challenge of 'taking on' the big four banks

Kiwibank grows its lending book 9.3% to $32.4 billion and says it is up for the challenge of 'taking on' the big four banks

Fletcher Building hires Jarden to look at options for its residential business as the group reports a $227 million loss for the June financial year

Fletcher Building hires Jarden to look at options for its residential business as the group reports a $227 million loss for the June financial year

BNZ head of research Stephen Toplis says it will take till 2029 for per capita GDP to return to previous levels

BNZ head of research Stephen Toplis says it will take till 2029 for per capita GDP to return to previous levels

While service sector activity recovered a little last month from the 'horrendous' June results, the Performance of Services Index is still below the levels seen during the Global Financial Crisis

While service sector activity recovered a little last month from the 'horrendous' June results, the Performance of Services Index is still below the levels seen during the Global Financial Crisis

David Hargreaves says it might be in everyone's best interests if the Reserve Bank finds a less blunt way of communicating its thoughts on the future levels of the Official Cash Rate

David Hargreaves says it might be in everyone's best interests if the Reserve Bank finds a less blunt way of communicating its thoughts on the future levels of the Official Cash Rate

Statistics NZ says food prices rose 0.6% in the year to July; annual rental growth of 4.3% is the slowest rate of growth since November 2023

Statistics NZ says food prices rose 0.6% in the year to July; annual rental growth of 4.3% is the slowest rate of growth since November 2023

The latest quarterly Household Expectations Survey for the Reserve Bank finds households still see inflation above the RBNZ's 1% to 3% target in two years' time, and they are less optimistic about chances of being able to get another job

The latest quarterly Household Expectations Survey for the Reserve Bank finds households still see inflation above the RBNZ's 1% to 3% target in two years' time, and they are less optimistic about chances of being able to get another job

Reserve Bank starts long awaited interest rate cuts, and is forecasting further cuts before the end of the year. It also now sees annual inflation falling to just 2.3% by the end of this quarter

Reserve Bank starts long awaited interest rate cuts, and is forecasting further cuts before the end of the year. It also now sees annual inflation falling to just 2.3% by the end of this quarter

HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'

HSBC economist Paul Bloxham suggests the RBNZ's May Official Cash Rate guidance 'was not a genuine reflection of the central bank's reaction function'

David Hargreaves previews the forthcoming OCR review in which all attention revolves around whether the Reserve Bank will stick to its own script - or acquiesce to the urgings of financial markets for cuts, not so much now, as YESTERDAY, please

David Hargreaves previews the forthcoming OCR review in which all attention revolves around whether the Reserve Bank will stick to its own script - or acquiesce to the urgings of financial markets for cuts, not so much now, as YESTERDAY, please

Influential RBNZ survey gives an effective green light to interest rate reductions with expectations of inflation from one to 10-year's time all falling markedly and towards the RBNZ's goal

Influential RBNZ survey gives an effective green light to interest rate reductions with expectations of inflation from one to 10-year's time all falling markedly and towards the RBNZ's goal

David Hargreaves wonders how this Government will find a good solution for Kiwibank when the previous Labour Government appears to have turned its back on the best solution - and that was already halfway in place

David Hargreaves wonders how this Government will find a good solution for Kiwibank when the previous Labour Government appears to have turned its back on the best solution - and that was already halfway in place

'We strongly believe the Reserve Bank should be easing monetary policy as soon as possible. Indeed, we are on record as having said that it should already have done so'

'We strongly believe the Reserve Bank should be easing monetary policy as soon as possible. Indeed, we are on record as having said that it should already have done so'

Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%

Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%

Labour market figures out in the coming week are universally expected to show higher numbers of people out of work, but David Hargreaves says it would need surprisingly high numbers to get the Reserve Bank to cut interest rates as soon as this month

Labour market figures out in the coming week are universally expected to show higher numbers of people out of work, but David Hargreaves says it would need surprisingly high numbers to get the Reserve Bank to cut interest rates as soon as this month