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
Latest Reserve Bank figures show that in January some 76% of new owner-occupier borrowers fixed for terms of just 18 months or less
7th Mar 24, 3:48pm
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Latest Reserve Bank figures show that in January some 76% of new owner-occupier borrowers fixed for terms of just 18 months or less
Stats NZ says the volume of residential building work dropped 2.4% on a seasonally adjusted basis in the December quarter - but non-residential construction rose 4.6%
6th Mar 24, 11:19am
15
Stats NZ says the volume of residential building work dropped 2.4% on a seasonally adjusted basis in the December quarter - but non-residential construction rose 4.6%
Household spending data shows that - not unsurprisingly - food has been a big contributor to increased costs, while we've been trying to save with decreased spending on communication and recreation
5th Mar 24, 2:19pm
10
Household spending data shows that - not unsurprisingly - food has been a big contributor to increased costs, while we've been trying to save with decreased spending on communication and recreation
Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
5th Mar 24, 5:00am
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Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
Kiwibank economists say that after some 'ferocious barking' and 'a lot of huffing and puffing' about potential interest rate hikes, the RBNZ has 'stripped off their wolf skin'
4th Mar 24, 11:41am
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Kiwibank economists say that after some 'ferocious barking' and 'a lot of huffing and puffing' about potential interest rate hikes, the RBNZ has 'stripped off their wolf skin'
Latest RBNZ figures show non-performing housing loans rose by $161 million in January and have increased by $721 million over the past 12 months; non-performing housing loan ratio hits a 10-year-high
29th Feb 24, 4:11pm
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Latest RBNZ figures show non-performing housing loans rose by $161 million in January and have increased by $721 million over the past 12 months; non-performing housing loan ratio hits a 10-year-high
ANZ economists continue to think there’s a high chance that forthcoming data will show more work needs to be done by the Reserve Bank to return inflation to its target in an acceptable time frame
29th Feb 24, 1:27pm
14
ANZ economists continue to think there’s a high chance that forthcoming data will show more work needs to be done by the Reserve Bank to return inflation to its target in an acceptable time frame
Reserve Bank leaves Official Cash Rate unchanged at 5.5% and says risks to the inflation outlook are now 'more balanced' but there is a limit to its ability to 'tolerate upside inflation surprises'
28th Feb 24, 2:13pm
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Reserve Bank leaves Official Cash Rate unchanged at 5.5% and says risks to the inflation outlook are now 'more balanced' but there is a limit to its ability to 'tolerate upside inflation surprises'
Latest mortgage figures from the Reserve Bank suggest first home buyers might have reached their limit in terms of market share, while investors might be showing some signs of life
28th Feb 24, 10:26am
14
Latest mortgage figures from the Reserve Bank suggest first home buyers might have reached their limit in terms of market share, while investors might be showing some signs of life
Latest monthly figures from the Reserve Bank reveal it boosted its 'foreign currency intervention capacity' by a further NZ$810 million last month - and it doesn't look to be finished
27th Feb 24, 3:49pm
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Latest monthly figures from the Reserve Bank reveal it boosted its 'foreign currency intervention capacity' by a further NZ$810 million last month - and it doesn't look to be finished
Westpac says its customers are spending just 3.4% more than a year ago, while the population has grown 2.8% and retail prices have increased about 4%; customers with mortgages particularly spending less
27th Feb 24, 11:45am
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Westpac says its customers are spending just 3.4% more than a year ago, while the population has grown 2.8% and retail prices have increased about 4%; customers with mortgages particularly spending less
The Reserve Bank could easily hike the Official Cash Rate again in the coming week. But should it?
25th Feb 24, 6:00am
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The Reserve Bank could easily hike the Official Cash Rate again in the coming week. But should it?
Householders' views of future inflation have risen sharply in a development that goes very much against what the Reserve Bank is looking for as it seeks to dampen down inflation
22nd Feb 24, 3:34pm
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Householders' views of future inflation have risen sharply in a development that goes very much against what the Reserve Bank is looking for as it seeks to dampen down inflation
Our national airline says it is 'leaning into the reality of a worsening revenue and cost environment'
22nd Feb 24, 9:34am
14
Our national airline says it is 'leaning into the reality of a worsening revenue and cost environment'
The National-led government has been left with a right royal migration mess to clean up. But what happens after the immediate salvage job?
21st Feb 24, 3:49pm
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The National-led government has been left with a right royal migration mess to clean up. But what happens after the immediate salvage job?
Stats NZ says New Zealand saw the lowest number of live births registered for 20 years in 2023
19th Feb 24, 1:35pm
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Stats NZ says New Zealand saw the lowest number of live births registered for 20 years in 2023
Our national airline announces profit guidance suggesting the second half of the current financial year is proving to be a very bumpy one
19th Feb 24, 11:49am
10
Our national airline announces profit guidance suggesting the second half of the current financial year is proving to be a very bumpy one
Latest quarterly Reserve Bank figures show ahead of the likely introduction of debt to income restrictions in the middle of the year, new borrowers are currently well below the proposed lending limits to be imposed on banks
19th Feb 24, 11:03am
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Latest quarterly Reserve Bank figures show ahead of the likely introduction of debt to income restrictions in the middle of the year, new borrowers are currently well below the proposed lending limits to be imposed on banks
Independent global economic researchers Capital Economics say falls in nominal house prices have been 'modest' in most developed economies and 'almost non-existent' in some others
15th Feb 24, 11:32am
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Independent global economic researchers Capital Economics say falls in nominal house prices have been 'modest' in most developed economies and 'almost non-existent' in some others
[updated]
Stats NZ says food prices rose 0.9% in January, while rents for new tenancies shot up 2.5%, and tobacco prices increased 6.4% - but airfares went into reverse
14th Feb 24, 11:25am
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Stats NZ says food prices rose 0.9% in January, while rents for new tenancies shot up 2.5%, and tobacco prices increased 6.4% - but airfares went into reverse
[updated]
Fletcher Building makes after-tax loss of $120 million for the half year and won't pay a dividend; puts Australian Tradelink subsidiary up for sale after a $122 million writedown; warns on potential 'material' impact of Australian leaky pipes problem
14th Feb 24, 8:52am
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Fletcher Building makes after-tax loss of $120 million for the half year and won't pay a dividend; puts Australian Tradelink subsidiary up for sale after a $122 million writedown; warns on potential 'material' impact of Australian leaky pipes problem
[updated]
Influential RBNZ survey shows a decisive drop in the expectation of future levels of inflation in a result that will give the RBNZ comfort ahead of its next Official Cash Rate decision
13th Feb 24, 3:35pm
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Influential RBNZ survey shows a decisive drop in the expectation of future levels of inflation in a result that will give the RBNZ comfort ahead of its next Official Cash Rate decision
Fletcher Building tells the ASX its chief executive Ross Taylor may be about to leave as the company contemplates issuing earnings guidance likely to 'materially vary' from current analysts' forecasts
13th Feb 24, 9:19am
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Fletcher Building tells the ASX its chief executive Ross Taylor may be about to leave as the company contemplates issuing earnings guidance likely to 'materially vary' from current analysts' forecasts
[updated]
There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say
12th Feb 24, 12:22pm
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There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say
Dairy co-operative Fonterra raises its milk price for farmers by an implied 30 cents to $7.80 per kilogram of milk solids - meaning the early season slump in prices has been almost completely reversed
12th Feb 24, 9:13am
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Dairy co-operative Fonterra raises its milk price for farmers by an implied 30 cents to $7.80 per kilogram of milk solids - meaning the early season slump in prices has been almost completely reversed