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
A survey for Federated Farmers shows over a quarter of farmers feeling under pressure from banks while overall satisfaction levels with the banks have dropped
18th Dec 23, 1:16pm
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A survey for Federated Farmers shows over a quarter of farmers feeling under pressure from banks while overall satisfaction levels with the banks have dropped
The Reserve Bank finds itself stuck in the middle of still-high inflation and an economy that is buckling under far more quickly than had been believed
14th Dec 23, 2:38pm
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The Reserve Bank finds itself stuck in the middle of still-high inflation and an economy that is buckling under far more quickly than had been believed
Stats NZ says food prices fell in November for the third consecutive month; domestic airfares and accommodation rose
13th Dec 23, 12:37pm
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Stats NZ says food prices fell in November for the third consecutive month; domestic airfares and accommodation rose
David Hargreaves wonders how able - and indeed willing - the new Government will be to get a grip on our unfolding immigration crisis
12th Dec 23, 3:19pm
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David Hargreaves wonders how able - and indeed willing - the new Government will be to get a grip on our unfolding immigration crisis
Reserve Bank now says 'there may be value in waiting' before removing LVRs, or just easing the restrictions rather than removing them altogether
12th Dec 23, 11:28am
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Reserve Bank now says 'there may be value in waiting' before removing LVRs, or just easing the restrictions rather than removing them altogether
Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid
12th Dec 23, 9:35am
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Insurance Council says about three quarters of the $3.6 billion of claims for the massive weather events earlier this year have now been paid
Global economic researcher Capital Economics warns against any move to put a time limit on the RBNZ achieving its inflation target
12th Dec 23, 8:39am
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Global economic researcher Capital Economics warns against any move to put a time limit on the RBNZ achieving its inflation target
Kiwibank's chief economist Jarrod Kerr fires up the summer BBQ chat by saying everything wrong with the kiwi property market can be put down to supply and a lack of it - but most policy makers focus on demand because it's what they can influence
11th Dec 23, 2:07pm
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Kiwibank's chief economist Jarrod Kerr fires up the summer BBQ chat by saying everything wrong with the kiwi property market can be put down to supply and a lack of it - but most policy makers focus on demand because it's what they can influence
Prime Minister Christopher Luxon says the 118,800 net immigrants into New Zealand in the year to September 'doesn't feel sustainable at all' and our current migration settings are 'way too loose'
11th Dec 23, 11:10am
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Prime Minister Christopher Luxon says the 118,800 net immigrants into New Zealand in the year to September 'doesn't feel sustainable at all' and our current migration settings are 'way too loose'
David Hargreaves has a look at the forthcoming GDP figures - the last major economic data release for the year. As far as GDP goes - resilience is the word
10th Dec 23, 6:00am
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David Hargreaves has a look at the forthcoming GDP figures - the last major economic data release for the year. As far as GDP goes - resilience is the word
ASB economists estimate that average household living costs will have increased by about $115 a week in 2023 - and with a further $70 hike to come next year, but income rises will probably beat that
7th Dec 23, 10:30am
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ASB economists estimate that average household living costs will have increased by about $115 a week in 2023 - and with a further $70 hike to come next year, but income rises will probably beat that
Dairy giant Fonterra is now effectively forecasting a $7.50 per kilogram of milk solids price for its farmer suppliers - up 25c on its previous forecast, while its earnings forecast has been increased by an effective 5c a share
7th Dec 23, 9:10am
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Dairy giant Fonterra is now effectively forecasting a $7.50 per kilogram of milk solids price for its farmer suppliers - up 25c on its previous forecast, while its earnings forecast has been increased by an effective 5c a share
Latest Reserve Bank figures show 18 month fixed term mortgages are suddenly seeing increased popularity, while one-year terms are becoming less popular
5th Dec 23, 3:49pm
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Latest Reserve Bank figures show 18 month fixed term mortgages are suddenly seeing increased popularity, while one-year terms are becoming less popular
Westpac economists say we should expect the Reserve Bank to be unforgiving of any shocks that boost the growth and inflation outlook over the next year. Also, the RBNZ will likely be less willing to pre-emptively ease, as markets seem to currently expect
4th Dec 23, 12:15pm
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Westpac economists say we should expect the Reserve Bank to be unforgiving of any shocks that boost the growth and inflation outlook over the next year. Also, the RBNZ will likely be less willing to pre-emptively ease, as markets seem to currently expect
In the second part of his preview of 2024, David Hargreaves examines whether a combination of new Government policies, rampant migration and an enlivened housing market could undermine efforts to get the economy on a sound footing
3rd Dec 23, 8:00am
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In the second part of his preview of 2024, David Hargreaves examines whether a combination of new Government policies, rampant migration and an enlivened housing market could undermine efforts to get the economy on a sound footing
David Hargreaves explains what he is looking for in the economy in 2024 as we wait to see if the battle against inflation really can be won
2nd Dec 23, 10:23am
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David Hargreaves explains what he is looking for in the economy in 2024 as we wait to see if the battle against inflation really can be won
David Hargreaves has a look at the economic developments in the past year and lines these up against what the expectations were at the start of the year
1st Dec 23, 9:44am
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David Hargreaves has a look at the economic developments in the past year and lines these up against what the expectations were at the start of the year
Latest RBNZ figures show a $71 million rise in non-performing housing loans during October, while across the whole banking system there was a rise of $237 million in non-performing loans
30th Nov 23, 4:14pm
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Latest RBNZ figures show a $71 million rise in non-performing housing loans during October, while across the whole banking system there was a rise of $237 million in non-performing loans
Indications of likely future inflation continue to drift lower in the latest ANZ Business Outlook Survey, but the new Government's honeymoon continues, with business confidence hitting its highest level since early 2015
30th Nov 23, 1:24pm
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Indications of likely future inflation continue to drift lower in the latest ANZ Business Outlook Survey, but the new Government's honeymoon continues, with business confidence hitting its highest level since early 2015
Economists at the country's largest bank raise their forecast milk price for the current season by 55 cents to $7.70 per kilogram of milk solids; pick $8.50 price for next season
30th Nov 23, 12:17pm
Economists at the country's largest bank raise their forecast milk price for the current season by 55 cents to $7.70 per kilogram of milk solids; pick $8.50 price for next season
[updated]
Reserve Bank leaves Official Cash Rate unchanged at 5.5% but warns if inflation proves stronger than expected it may have to hike the OCR again
29th Nov 23, 2:20pm
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Reserve Bank leaves Official Cash Rate unchanged at 5.5% but warns if inflation proves stronger than expected it may have to hike the OCR again
The Reserve Bank has added a further NZ$739 million to its 'foreign currency intervention capacity' in the past month and now has nearly NZ$18.5 billion held in offshore currencies to intervene if needed in foreign exchange markets
28th Nov 23, 3:55pm
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The Reserve Bank has added a further NZ$739 million to its 'foreign currency intervention capacity' in the past month and now has nearly NZ$18.5 billion held in offshore currencies to intervene if needed in foreign exchange markets
Latest RBNZ figures show first home buyers remain active in the market, while the long sleeping investors may just be showing signs of stirring
27th Nov 23, 12:01pm
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Latest RBNZ figures show first home buyers remain active in the market, while the long sleeping investors may just be showing signs of stirring
David Hargreaves says in contrast to the position it was in a year ago, the Reserve Bank will need to make a 'do nothing' Official Cash Rate decision in the coming week in a sufficiently 'hawkish' way that keeps pressure on inflation over summer
26th Nov 23, 6:00am
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David Hargreaves says in contrast to the position it was in a year ago, the Reserve Bank will need to make a 'do nothing' Official Cash Rate decision in the coming week in a sufficiently 'hawkish' way that keeps pressure on inflation over summer
Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance
23rd Nov 23, 11:00am
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Insurer Tower says it faced significant challenges this financial year, but its underlying result 'demonstrates resilience and strategic delivery' that positions the company well for long-term sustainable growth and performance