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
Monthly retail spending has seen its first year-on-year increase for the first time since February; hospitality industry has biggest monthly rise since November 2023
12th Nov 24, 11:20am
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Monthly retail spending has seen its first year-on-year increase for the first time since February; hospitality industry has biggest monthly rise since November 2023
Economists see the Reserve Bank being wary on inflation and taking a cautious approach to further interest rate cuts next year
12th Nov 24, 10:05am
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Economists see the Reserve Bank being wary on inflation and taking a cautious approach to further interest rate cuts next year
Influential RBNZ survey has perhaps surprisingly shown a small rise in the expectations of future inflation though most picks are still somewhere around the desired 2% level
11th Nov 24, 3:29pm
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Influential RBNZ survey has perhaps surprisingly shown a small rise in the expectations of future inflation though most picks are still somewhere around the desired 2% level
Westpac economists say the change in US administration reinforces their expectations that the RBNZ's approach to monetary policy easing over the New Year will be more cautious
11th Nov 24, 11:46am
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Westpac economists say the change in US administration reinforces their expectations that the RBNZ's approach to monetary policy easing over the New Year will be more cautious
Fonterra's now forecasting a potential record $9.50 farmgate milk price and says it will go ahead with plans to sell its consumer businesses including household name brands such as Anchor and Mainland
11th Nov 24, 9:32am
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Fonterra's now forecasting a potential record $9.50 farmgate milk price and says it will go ahead with plans to sell its consumer businesses including household name brands such as Anchor and Mainland
[updated]
Newly released 2023 Census data shows that around one-in-16 houses in New Zealand are too small for the number of people living in them
7th Nov 24, 1:41pm
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Newly released 2023 Census data shows that around one-in-16 houses in New Zealand are too small for the number of people living in them
[updated]
BNZ net profit driven by lending and deposit growth but offset by lower net interest margins and higher operating costs
7th Nov 24, 10:10am
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BNZ net profit driven by lending and deposit growth but offset by lower net interest margins and higher operating costs
Latest Reserve Bank figures show six-month fixed rate terms maintaining their new found popularity - although there are signs of more variety in strategies being employed by the mortgage holders
5th Nov 24, 3:51pm
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Latest Reserve Bank figures show six-month fixed rate terms maintaining their new found popularity - although there are signs of more variety in strategies being employed by the mortgage holders
Corporate advisers Northington Partners say Fonterra shareholders could reap as much as $2 per share in cash from a successful asset sell-off
5th Nov 24, 1:48pm
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Corporate advisers Northington Partners say Fonterra shareholders could reap as much as $2 per share in cash from a successful asset sell-off
Stats NZ says its household living-cost price indexes show household costs - including interest payments - rose 3.8% in the year to September
5th Nov 24, 11:41am
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Stats NZ says its household living-cost price indexes show household costs - including interest payments - rose 3.8% in the year to September
Latest Reserve Bank figures show over $70 billion worth of mortgages is due to be refixed before the end of 2024
4th Nov 24, 2:43pm
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Latest Reserve Bank figures show over $70 billion worth of mortgages is due to be refixed before the end of 2024
Labour market figures to be released in the coming week are expected to show sharply higher numbers of people out of work, but David Hargreaves says it would take a very substantial increase to surprise the Reserve Bank
3rd Nov 24, 7:00am
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Labour market figures to be released in the coming week are expected to show sharply higher numbers of people out of work, but David Hargreaves says it would take a very substantial increase to surprise the Reserve Bank
Reserve Bank figures show the annual housing lending growth rate has risen to 3.7% from 3.5% in the past month; non-performing housing loans fall for second consecutive month
31st Oct 24, 3:58pm
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Reserve Bank figures show the annual housing lending growth rate has risen to 3.7% from 3.5% in the past month; non-performing housing loans fall for second consecutive month
The RBNZ says despite house prices easing, purchasing a new house 'remains relatively unfavourable compared with long-term averages'
31st Oct 24, 11:30am
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The RBNZ says despite house prices easing, purchasing a new house 'remains relatively unfavourable compared with long-term averages'
Xero says the country's small businesses are reporting continuing sales declines and slowing wages growth
31st Oct 24, 5:00am
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Xero says the country's small businesses are reporting continuing sales declines and slowing wages growth
Latest Statistics NZ figures show that there's been no monthly jobs growth in any of the past six months - while the construction sector in particular is contracting substantially
29th Oct 24, 11:28am
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Latest Statistics NZ figures show that there's been no monthly jobs growth in any of the past six months - while the construction sector in particular is contracting substantially
Latest mortgage figures from the Reserve Bank show, on a seasonally adjusted basis, mortgage commitments by value rose 6.9% in September
24th Oct 24, 3:54pm
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Latest mortgage figures from the Reserve Bank show, on a seasonally adjusted basis, mortgage commitments by value rose 6.9% in September
[updated]
Reserve Bank Governor Adrian Orr says being more 'circumspect' with reducing interest rates relative to the speed at which they went up 'is the general idea'
24th Oct 24, 8:29am
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Reserve Bank Governor Adrian Orr says being more 'circumspect' with reducing interest rates relative to the speed at which they went up 'is the general idea'
Reserve Bank signals the high levels of cash seen in the banking system since the onset of Covid may be gone by the second half of next year
23rd Oct 24, 2:30pm
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Reserve Bank signals the high levels of cash seen in the banking system since the onset of Covid may be gone by the second half of next year
BNZ chief economist Mike Jones says longer term mortgage rates are already reflecting anticipated cuts to the Official Cash Rate, but shorter term mortgage rates have more 'downside'
23rd Oct 24, 9:23am
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BNZ chief economist Mike Jones says longer term mortgage rates are already reflecting anticipated cuts to the Official Cash Rate, but shorter term mortgage rates have more 'downside'
BNZ economists look back at some of the reasons why the Reserve Bank made big OCR cuts in the past, finding such reasons don't currently exist
21st Oct 24, 2:22pm
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BNZ economists look back at some of the reasons why the Reserve Bank made big OCR cuts in the past, finding such reasons don't currently exist
The country's banks are reporting early signs of a rebound in activity from property investors and demand for mortgage lending from both owner occupiers and investors is expected to continue to increase during the next six months
21st Oct 24, 11:32am
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The country's banks are reporting early signs of a rebound in activity from property investors and demand for mortgage lending from both owner occupiers and investors is expected to continue to increase during the next six months
Reserve Bank Assistant Governor Karen Silk says reversion to pre-covid funding conditions is under way and this will limit how far lending rates fall as banks seek to preserve their net interest margin
16th Oct 24, 1:44pm
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Reserve Bank Assistant Governor Karen Silk says reversion to pre-covid funding conditions is under way and this will limit how far lending rates fall as banks seek to preserve their net interest margin
The return of inflation well and truly into the 1% to 3% target range is most welcome news, but what does it say for the immediate path of interest rates and how quickly the economy can recover?
16th Oct 24, 11:55am
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The return of inflation well and truly into the 1% to 3% target range is most welcome news, but what does it say for the immediate path of interest rates and how quickly the economy can recover?
Reserve Bank Governor Adrian Orr says improving Māori access to capital has been, and remains, a powerful enabler for prosperity, sustainability, cohesion, and inclusion and 'we should collectively prioritise this goal'
14th Oct 24, 10:48am
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Reserve Bank Governor Adrian Orr says improving Māori access to capital has been, and remains, a powerful enabler for prosperity, sustainability, cohesion, and inclusion and 'we should collectively prioritise this goal'