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David Hargreaves

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.

Member for

11 years 4 months

Latest articles

ANZ economists say the recent published drop in GDP data 'seems to have given things a decent shunt south' in respect to business confidence
28th Mar 24, 1:23pm
48
ANZ economists say the recent published drop in GDP data 'seems to have given things a decent shunt south' in respect to business confidence
ANZ-Roy Morgan consumer confidence survey shows a sharp fall with sentiment 'likely affected by recession headlines'
28th Mar 24, 10:46am
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ANZ-Roy Morgan consumer confidence survey shows a sharp fall with sentiment 'likely affected by recession headlines'
Highly experienced Australian investment industry executive Jo Townsend is set to take the reins of NZ's $70 billion Super Fund from next month
27th Mar 24, 11:25am
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Highly experienced Australian investment industry executive Jo Townsend is set to take the reins of NZ's $70 billion Super Fund from next month
David Hargreaves suggests it's time we looked purely at the number of migrant arrivals - rather than 'netting off' the figures against departures
27th Mar 24, 7:41am
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David Hargreaves suggests it's time we looked purely at the number of migrant arrivals - rather than 'netting off' the figures against departures
Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures
26th Mar 24, 3:54pm
39
Latest mortgage figures from the Reserve Bank show that for February there was a seasonally-adjusted rise of 4% in borrowing, while the latest figures are up some 28% on the dire February 2023 figures
Dairy giant Fonterra has paid its shareholder farmers a 15c interim dividend and now narrowed its forecast milk price range - although the 'midpoint' for this is still $7.80
21st Mar 24, 9:44am
5
Dairy giant Fonterra has paid its shareholder farmers a 15c interim dividend and now narrowed its forecast milk price range - although the 'midpoint' for this is still $7.80
A review of things you need to know before you sign off on Wednesday; A mortgage tweak, the somewhat less-squeezed middle, The Warehouse struggles, building consent delays targeted, swaps down, NZD still drifting, & more
20th Mar 24, 3:59pm
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A review of things you need to know before you sign off on Wednesday; A mortgage tweak, the somewhat less-squeezed middle, The Warehouse struggles, building consent delays targeted, swaps down, NZD still drifting, & more
A review of things you need to know before you sign off on Tuesday; SBS ends six-month TD 6.5% special, Westpac's online gambling block, Kathmandu sales slump, hybrid tweak for road user charges, swaps static, NZD drifts, & more
19th Mar 24, 3:59pm
53
A review of things you need to know before you sign off on Tuesday; SBS ends six-month TD 6.5% special, Westpac's online gambling block, Kathmandu sales slump, hybrid tweak for road user charges, swaps static, NZD drifts, & more
A review of things you need to know before you sign off on Monday; TD ups and downs for Kiwibank, limp auction market still, services in expansion mode, housing market 'primed for takeoff', swaps up, NZD marks time & more
18th Mar 24, 3:59pm
41
A review of things you need to know before you sign off on Monday; TD ups and downs for Kiwibank, limp auction market still, services in expansion mode, housing market 'primed for takeoff', swaps up, NZD marks time & more
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
17th Mar 24, 6:01am
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GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
[updated]
Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
13th Mar 24, 11:31am
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Stats NZ says food prices fell 0.6% in February, while rent increases showed signs of stabilising and domestic airfares went up again; economists see 'upside risks' to March quarter inflation figures
Kiwibank economists say central banks will ultimately need to have looser inflation targets in a 'world of rapidly rising, climate-related, costs
13th Mar 24, 9:34am
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Kiwibank economists say central banks will ultimately need to have looser inflation targets in a 'world of rapidly rising, climate-related, costs
Stats NZ figures show that retail card spending fell a seasonally-adjusted 1.8% in February after a bounce in activity in January
12th Mar 24, 11:49am
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Stats NZ figures show that retail card spending fell a seasonally-adjusted 1.8% in February after a bounce in activity in January
Reserve Bank figures are showing rising levels of non-performing housing loans. What we all want to know is whether we are now seeing the full extent of the pressure caused by high interest rates - or whether the problems may be just starting
10th Mar 24, 6:00am
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Reserve Bank figures are showing rising levels of non-performing housing loans. What we all want to know is whether we are now seeing the full extent of the pressure caused by high interest rates - or whether the problems may be just starting
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
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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
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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
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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
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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