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
[updated]
The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say
10th Feb 25, 1:35pm
65
The Reserve Bank will have to deliver more interest rate cuts than it has signalled this year, or the risk of further job losses will only grow, Kiwibank economists say
The decision by many homeowners to position themselves for expected interest rate cuts will see an average of over $30b a month worth of mortgages need refixing in the first six months of this year
6th Feb 25, 6:00am
112
The decision by many homeowners to position themselves for expected interest rate cuts will see an average of over $30b a month worth of mortgages need refixing in the first six months of this year
Stats NZ says high interest payments on mortgages continue to contribute 'significantly' to living costs
3rd Feb 25, 11:36am
14
Stats NZ says high interest payments on mortgages continue to contribute 'significantly' to living costs
Capital Economics says the resulting surge in US inflation from the announced tariffs is going to 'come faster and be larger than we initially expected'
3rd Feb 25, 9:32am
65
Capital Economics says the resulting surge in US inflation from the announced tariffs is going to 'come faster and be larger than we initially expected'
Labour market figures to be released in the coming week, could show unemployment hitting 5% for the first time since a brief spike during the pandemic, but David Hargreaves says with interest rates now coming down employment levels may start to settle
2nd Feb 25, 6:30am
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Labour market figures to be released in the coming week, could show unemployment hitting 5% for the first time since a brief spike during the pandemic, but David Hargreaves says with interest rates now coming down employment levels may start to settle
David Hargreaves examines mortgage figures for 2024 and compares figures over the 10-year timeframe that the detailed Reserve Bank data now covers
31st Jan 25, 12:55pm
15
David Hargreaves examines mortgage figures for 2024 and compares figures over the 10-year timeframe that the detailed Reserve Bank data now covers
ANZ chief economist says perhaps reality is biting for businesses as it becomes clear falling interest rates will take time to 'work their magic'
30th Jan 25, 1:26pm
26
ANZ chief economist says perhaps reality is biting for businesses as it becomes clear falling interest rates will take time to 'work their magic'
RBNZ chief economist Paul Conway sees dominance of the 'traditional drivers of growth' in the New Zealand economy coming to an end
30th Jan 25, 10:01am
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RBNZ chief economist Paul Conway sees dominance of the 'traditional drivers of growth' in the New Zealand economy coming to an end
Latest Reserve Bank figures show of more than $8 billion of new mortgage commitments in December, over $2 billion was customers swapping loan providers
29th Jan 25, 3:45pm
12
Latest Reserve Bank figures show of more than $8 billion of new mortgage commitments in December, over $2 billion was customers swapping loan providers
RBNZ chief economist Paul Conway says the central bank will have to 'feel its way' as the OCR gets closer to its estimate of neutral and he doesn't see a return to 'ultra-low' rates seen during the early stages of the pandemic any time soon
29th Jan 25, 12:26pm
96
RBNZ chief economist Paul Conway says the central bank will have to 'feel its way' as the OCR gets closer to its estimate of neutral and he doesn't see a return to 'ultra-low' rates seen during the early stages of the pandemic any time soon
Another monthly rise in the number of filled jobs in December may indicate that New Zealand's rate of unemployment is close to peaking
28th Jan 25, 11:27am
11
Another monthly rise in the number of filled jobs in December may indicate that New Zealand's rate of unemployment is close to peaking
HSBC economists expect the Official Cash Rate to be down to 3% by the third quarter of this year and see the economy growing 1.8% in 2025 and 2.5% next year
28th Jan 25, 10:25am
25
HSBC economists expect the Official Cash Rate to be down to 3% by the third quarter of this year and see the economy growing 1.8% in 2025 and 2.5% next year
BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'
22nd Jan 25, 10:41am
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BNZ chief economist Mike Jones says going short has 'tended to pay off' but he is 'compelled to offer a few competing viewpoints'
[updated]
Monthly retail spending figures ended the year on a stronger footing after much weakness in spending throughout 2024
21st Jan 25, 11:38am
13
Monthly retail spending figures ended the year on a stronger footing after much weakness in spending throughout 2024
[updated]
Activity in NZ's services sector contracted further in December, matching a more contractionary performance in the month from the manufacturing sector as well
21st Jan 25, 10:47am
11
Activity in NZ's services sector contracted further in December, matching a more contractionary performance in the month from the manufacturing sector as well
David Hargreaves says the December quarter inflation figures to be released in the coming week should paint a 'so-far-so-good' picture, but further out the view looks rather more murky
19th Jan 25, 6:30am
51
David Hargreaves says the December quarter inflation figures to be released in the coming week should paint a 'so-far-so-good' picture, but further out the view looks rather more murky
[updated]
Statistics NZ's Selected Price Indexes show moderate price pressures over December, indicating few likely nasty surprises in next week's December quarter inflation figures
16th Jan 25, 11:25am
56
Statistics NZ's Selected Price Indexes show moderate price pressures over December, indicating few likely nasty surprises in next week's December quarter inflation figures
Westpac says spending on its credit and debit cards was up just 2% in December compared with the previous year
16th Jan 25, 9:30am
6
Westpac says spending on its credit and debit cards was up just 2% in December compared with the previous year
Westpac McDermott Miller Employment Confidence Survey shows rise, but confidence remains close to its lowest levels since the 2020 Covid lockdown
15th Jan 25, 10:28am
2
Westpac McDermott Miller Employment Confidence Survey shows rise, but confidence remains close to its lowest levels since the 2020 Covid lockdown
Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month
15th Jan 25, 9:34am
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Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month
Floating mortgage rates see a huge surge in popularity, with over $3.5 billion of lending done at floating rates in November, according to new RBNZ figures
13th Jan 25, 3:55pm
33
Floating mortgage rates see a huge surge in popularity, with over $3.5 billion of lending done at floating rates in November, according to new RBNZ figures
Latest Stats NZ figures show filled jobs rose by nearly 6,000 in November - the first monthly rise since March 2024
13th Jan 25, 11:32am
32
Latest Stats NZ figures show filled jobs rose by nearly 6,000 in November - the first monthly rise since March 2024
Latest ANZ Business Outlook survey shows companies reporting a significant increase in activity - but there was a 'surprising' rise in expected costs as well
19th Dec 24, 1:28pm
16
Latest ANZ Business Outlook survey shows companies reporting a significant increase in activity - but there was a 'surprising' rise in expected costs as well
The deficit between what we earn overseas and what we spend has dropped to 6.4% of GDP, but remains at levels seen as too high by economists
18th Dec 24, 10:59am
14
The deficit between what we earn overseas and what we spend has dropped to 6.4% of GDP, but remains at levels seen as too high by economists
DairyNZ says a combination of higher income and reduced interest costs will result in 'a substantial increase in cash surplus' for the country's dairy farmers
17th Dec 24, 2:43pm
8
DairyNZ says a combination of higher income and reduced interest costs will result in 'a substantial increase in cash surplus' for the country's dairy farmers