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
Details of a complicated capital return plan involving both a share buyback and a share split have been sent to Fonterra shareholders
21st Jun 23, 3:13pm
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Details of a complicated capital return plan involving both a share buyback and a share split have been sent to Fonterra shareholders
BNZ economists say a solid bounce in economic activity is expected in the second half of next year, but in the meantime there is more pain to be felt as the economy bounces along the bottom - torn between rising immigration and higher interest rates
21st Jun 23, 2:04pm
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BNZ economists say a solid bounce in economic activity is expected in the second half of next year, but in the meantime there is more pain to be felt as the economy bounces along the bottom - torn between rising immigration and higher interest rates
Construction giant Fletcher Building expects to sell about 650 dwelling units in the nearly-finished financial year to June - which compares with targets a year ago of over 1000
21st Jun 23, 11:34am
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Construction giant Fletcher Building expects to sell about 650 dwelling units in the nearly-finished financial year to June - which compares with targets a year ago of over 1000
ASB economists say term deposit rates are now slightly above the average level recorded over the past 20 years - but still below the levels savers received in the early 2000s
19th Jun 23, 3:25pm
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ASB economists say term deposit rates are now slightly above the average level recorded over the past 20 years - but still below the levels savers received in the early 2000s
Kiwibank economists say all three key drivers of the housing market point to a stronger market and house price gains; Westpac economists say housing market one of the key things they will be watching
19th Jun 23, 1:53pm
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Kiwibank economists say all three key drivers of the housing market point to a stronger market and house price gains; Westpac economists say housing market one of the key things they will be watching
David Hargreaves sums up the first (nearly) six months of the year and assesses how the unfolding of various economic events has matched up against what was expected to happen
18th Jun 23, 6:00am
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David Hargreaves sums up the first (nearly) six months of the year and assesses how the unfolding of various economic events has matched up against what was expected to happen
ASB economists estimate higher interest rates have added an average of 60 cents per kilogram of milk solids to debt servicing costs for dairy farmers over the past year
14th Jun 23, 10:40am
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ASB economists estimate higher interest rates have added an average of 60 cents per kilogram of milk solids to debt servicing costs for dairy farmers over the past year
Economists at the country's biggest banks are neatly divided as to whether the economy has or has not gone into recession, but there's great consensus that things are slowing and that our current account deficit's very big
12th Jun 23, 3:22pm
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Economists at the country's biggest banks are neatly divided as to whether the economy has or has not gone into recession, but there's great consensus that things are slowing and that our current account deficit's very big
[updated]
Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year
12th Jun 23, 11:23am
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Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year
Figures to be released in the coming week may or may not show the country entering a 'technical recession' - but either way, the Reserve Bank will be content enough if the data shows heat coming out of the economy
11th Jun 23, 6:00am
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Figures to be released in the coming week may or may not show the country entering a 'technical recession' - but either way, the Reserve Bank will be content enough if the data shows heat coming out of the economy
Westpac economists bemoan our inability to export enough cheese at a time of soaring global prices and have downgraded their forecast for Fonterra's milk price this season
7th Jun 23, 2:56pm
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Westpac economists bemoan our inability to export enough cheese at a time of soaring global prices and have downgraded their forecast for Fonterra's milk price this season
BNZ economists say if they are right about the housing market having bottomed then prices will be levelling out around 20% above pre-pandemic levels
7th Jun 23, 10:51am
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BNZ economists say if they are right about the housing market having bottomed then prices will be levelling out around 20% above pre-pandemic levels
A new data series from the Reserve Bank shows that preferences for duration of fixed term loans have shifted rapidly during the past two years based on what is on offer at the time
7th Jun 23, 9:17am
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A new data series from the Reserve Bank shows that preferences for duration of fixed term loans have shifted rapidly during the past two years based on what is on offer at the time
During the past 20 years only the post-global financial crisis period saw slower starts to the year for the mortgage market, Reserve Bank data shows
5th Jun 23, 6:01am
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During the past 20 years only the post-global financial crisis period saw slower starts to the year for the mortgage market, Reserve Bank data shows
Latest RBNZ lending figures show the total stock of mortgage borrowing grew by 3.2% over the past 12 months, which is the slowest rate of annual growth since late 2012
31st May 23, 3:55pm
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Latest RBNZ lending figures show the total stock of mortgage borrowing grew by 3.2% over the past 12 months, which is the slowest rate of annual growth since late 2012
ANZ's latest Business Outlook Survey shows improved business confidence and expected activity levels, while inflation indicators have eased - but only slowly
31st May 23, 1:32pm
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ANZ's latest Business Outlook Survey shows improved business confidence and expected activity levels, while inflation indicators have eased - but only slowly
The Reserve Bank may have just ensured it won't become the meat in the political sandwich during the forthcoming election campaign
31st May 23, 7:52am
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The Reserve Bank may have just ensured it won't become the meat in the political sandwich during the forthcoming election campaign
ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November
29th May 23, 1:55pm
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ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November
Reserve Bank figures show the near-moribund mortgage market is being propped up by first-timers as April lending figures continue to reflect the sagging house prices
25th May 23, 12:08pm
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Reserve Bank figures show the near-moribund mortgage market is being propped up by first-timers as April lending figures continue to reflect the sagging house prices
With just days to go to the end of the current season, Fonterra has downgraded its milk price forecast to an implied $8.20, while its first forecast price for the new season implies a price of $8; is promising a 'strong' dividend
25th May 23, 10:01am
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With just days to go to the end of the current season, Fonterra has downgraded its milk price forecast to an implied $8.20, while its first forecast price for the new season implies a price of $8; is promising a 'strong' dividend
The Reserve Bank is now indicating it thinks the falls in house prices will slow during this year and will be about finished by the start of next year
24th May 23, 4:11pm
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The Reserve Bank is now indicating it thinks the falls in house prices will slow during this year and will be about finished by the start of next year
[updated]
Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise
24th May 23, 2:11pm
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Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise
[updated]
Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
24th May 23, 11:45am
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Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
Mortgage broker boss urges Reserve Bank to hold fire on another Official Cash Rate hike
23rd May 23, 2:55pm
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Mortgage broker boss urges Reserve Bank to hold fire on another Official Cash Rate hike
A survey for the Reserve Bank shows that households think inflation is going to actually rise in the short term and still be 4.5% in two years' time
22nd May 23, 3:41pm
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A survey for the Reserve Bank shows that households think inflation is going to actually rise in the short term and still be 4.5% in two years' time