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
Statistics NZ says our terms of trade rose 3.1% in the December quarter as export price gains outstripped import price increases
3rd Mar 25, 12:03pm
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Statistics NZ says our terms of trade rose 3.1% in the December quarter as export price gains outstripped import price increases
Latest RBNZ figures show non-performing housing loans rose $165 million in January - the biggest monthly surge since June 2020 during the pandemic
3rd Mar 25, 10:59am
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Latest RBNZ figures show non-performing housing loans rose $165 million in January - the biggest monthly surge since June 2020 during the pandemic
The Reserve Bank is clearing the way for further interest rate falls, which should spark the economy again. But when and how quickly? David Hargreaves has a look at how things are tracking
2nd Mar 25, 6:30am
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The Reserve Bank is clearing the way for further interest rate falls, which should spark the economy again. But when and how quickly? David Hargreaves has a look at how things are tracking
Latest Reserve Bank figures show investors took 22.5% of the committed mortgage money in January - the highest percentage they've claimed since February 2021
27th Feb 25, 4:06pm
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Latest Reserve Bank figures show investors took 22.5% of the committed mortgage money in January - the highest percentage they've claimed since February 2021
ANZ chief economist says it seems clear GDP returned to positive growth in the last three months of 2024
27th Feb 25, 1:22pm
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ANZ chief economist says it seems clear GDP returned to positive growth in the last three months of 2024
Capital Economics revises down its forecast for the NZ dollar this year and sticks to its view the Reserve Bank will need to cut the OCR further than currently expected
26th Feb 25, 9:51am
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Capital Economics revises down its forecast for the NZ dollar this year and sticks to its view the Reserve Bank will need to cut the OCR further than currently expected
Analysts say the fact Fonterra's looking at a profit toward the top end of its guidance despite a record milk price to be paid 'shows strong strategic execution' within the co-operative
25th Feb 25, 12:34pm
Analysts say the fact Fonterra's looking at a profit toward the top end of its guidance despite a record milk price to be paid 'shows strong strategic execution' within the co-operative
Retirement village operator Ryman says it's taking 'decisive' action to reset its balance sheet and provide the company with the foundations 'to deliver further transformation initiatives'
24th Feb 25, 12:18pm
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Retirement village operator Ryman says it's taking 'decisive' action to reset its balance sheet and provide the company with the foundations 'to deliver further transformation initiatives'
[updated]
Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter
24th Feb 25, 11:22am
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Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter
Statistics NZ says people have been spending a higher proportion of their money on housing costs than they did in the past
20th Feb 25, 12:03pm
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Statistics NZ says people have been spending a higher proportion of their money on housing costs than they did in the past
Our national airline says it may have as many as 11 jets out of service between now and the end of June
20th Feb 25, 10:01am
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Our national airline says it may have as many as 11 jets out of service between now and the end of June
[updated]
Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
19th Feb 25, 2:14pm
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Reserve Bank cuts OCR to 3.75% and indicates room for more cuts than earlier forecast this year; economists say 'we are all on the same page now'
Fonterra says if it decides to list its consumer brands on the share market, the spun-off company will be called Mainland Group
19th Feb 25, 12:11pm
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Fonterra says if it decides to list its consumer brands on the share market, the spun-off company will be called Mainland Group
Federated Farmers survey shows 'a significant shift in the mood of rural New Zealand'
19th Feb 25, 11:14am
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Federated Farmers survey shows 'a significant shift in the mood of rural New Zealand'
Fletcher Building says 'macroeconomic pressures' are expected to persist and economic activity to remain subdued at 'below mid-cycle levels' for the remainder of the financial year
19th Feb 25, 9:59am
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Fletcher Building says 'macroeconomic pressures' are expected to persist and economic activity to remain subdued at 'below mid-cycle levels' for the remainder of the financial year
The latest quarterly Household Expectations Survey for the Reserve Bank finds that households reckon the inflation rate will be 4.9% in a year and they don't see it being within the 1% to 3% target range over the next five years
18th Feb 25, 3:43pm
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The latest quarterly Household Expectations Survey for the Reserve Bank finds that households reckon the inflation rate will be 4.9% in a year and they don't see it being within the 1% to 3% target range over the next five years
Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next
17th Feb 25, 11:47am
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Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next
The services sector expanded slightly in January, as did the manufacturing sector - results that point toward an economic recovery later in the year
17th Feb 25, 11:04am
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The services sector expanded slightly in January, as did the manufacturing sector - results that point toward an economic recovery later in the year
A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts
16th Feb 25, 6:30am
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A 50-point cut to the Official Cash Rate is a near certainty in the coming week, so attention will quickly turn to whatever signals the Reserve Bank may give about further cuts
[updated]
Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week
13th Feb 25, 3:24pm
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Influential RBNZ survey has shown drops in the expectations of the future levels of inflation in a move that will give the central bank comfort ahead of its first Official Cash Rate decision of the year next week
[updated]
Stats NZ says retail card spending dropped 1.6% on a seasonally adjusted basis in January after growing strongly in December
13th Feb 25, 11:21am
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Stats NZ says retail card spending dropped 1.6% on a seasonally adjusted basis in January after growing strongly in December
Latest monthly RBNZ figures show sharp drops in what customers were paying on new mortgage rates in the second half of last year - but the bank yields on existing mortgages are falling only very slightly
12th Feb 25, 9:00am
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Latest monthly RBNZ figures show sharp drops in what customers were paying on new mortgage rates in the second half of last year - but the bank yields on existing mortgages are falling only very slightly
Westpac economists believe the record returns likely coming to dairy farmers this milking season can be just about maintained in the next season as well
11th Feb 25, 2:42pm
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Westpac economists believe the record returns likely coming to dairy farmers this milking season can be just about maintained in the next season as well
Latest monthly RBNZ figures show that in December the very brief flirtation with floating rate mortgages was replaced by a surge of interest in six month fixed rates
10th Feb 25, 3:47pm
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Latest monthly RBNZ figures show that in December the very brief flirtation with floating rate mortgages was replaced by a surge of interest in six month fixed rates
[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
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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