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 mortgage figures show investors took a bigger share of the mortgage pie than first home buyers last month for the first time in about two-and-a-half years
25th Sep 24, 3:43pm
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Latest Reserve Bank mortgage figures show investors took a bigger share of the mortgage pie than first home buyers last month for the first time in about two-and-a-half years
[updated]
Fonterra is now forecasting a milk price of $9 for the current year; reported earnings for the latest full financial year fell to $1.128b from $1.577b last year
25th Sep 24, 9:56am
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Fonterra is now forecasting a milk price of $9 for the current year; reported earnings for the latest full financial year fell to $1.128b from $1.577b last year
Forsyth Barr analysts say after its latest capital raising, Fletcher Building will have in the past decade raised $1.5b in capital and sold $1.8b in assets to fund $2.6b of 'significant items' and losses
24th Sep 24, 4:10pm
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Forsyth Barr analysts say after its latest capital raising, Fletcher Building will have in the past decade raised $1.5b in capital and sold $1.8b in assets to fund $2.6b of 'significant items' and losses
Westpac McDermott Miller Employment Confidence Survey shows lowest level of confidence since we were emerging from the lockdown in 2020
24th Sep 24, 9:35am
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Westpac McDermott Miller Employment Confidence Survey shows lowest level of confidence since we were emerging from the lockdown in 2020
Kiwibank economists say they would 'advocate' that the Reserve Bank cuts the OCR by 50 basis points both next month and again in November
23rd Sep 24, 3:09pm
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Kiwibank economists say they would 'advocate' that the Reserve Bank cuts the OCR by 50 basis points both next month and again in November
Fletcher Building indicates that paying down its debt is in order to prevent a fire sale of assets
23rd Sep 24, 12:04pm
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Fletcher Building indicates that paying down its debt is in order to prevent a fire sale of assets
The country's largest bank says the types of spending most sensitive to interest rates are experiencing the largest falls
19th Sep 24, 11:35am
The country's largest bank says the types of spending most sensitive to interest rates are experiencing the largest falls
The deficit between what we earn overseas and what we spend has remained at 6.7% of GDP, contrary to expectations that the ratio would decrease; deficit remains 'unsustainably wide'
18th Sep 24, 11:28am
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The deficit between what we earn overseas and what we spend has remained at 6.7% of GDP, contrary to expectations that the ratio would decrease; deficit remains 'unsustainably wide'
David Hargreaves says the Reserve Bank will ultimately decide where interest rates go and at what speed. But what will it decide?
18th Sep 24, 11:14am
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David Hargreaves says the Reserve Bank will ultimately decide where interest rates go and at what speed. But what will it decide?
NZIER's latest consensus forecasts see zero GDP growth in the 12 months to the end of March 2025
16th Sep 24, 2:21pm
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NZIER's latest consensus forecasts see zero GDP growth in the 12 months to the end of March 2025
Activity in New Zealand’s services sector 'inched its way higher' during August
16th Sep 24, 11:53am
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Activity in New Zealand’s services sector 'inched its way higher' during August
David Hargreaves assesses the prospects for the forthcoming quarterly GDP figures, which are likely to be grim, but might hopefully point to better times ahead
15th Sep 24, 6:30am
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David Hargreaves assesses the prospects for the forthcoming quarterly GDP figures, which are likely to be grim, but might hopefully point to better times ahead
Statistics NZ's Selected Price Indexes show that food prices rose just 0.4% in the year to August while rent increases remained at the same level and fuel and travel costs dipped
12th Sep 24, 11:46am
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Statistics NZ's Selected Price Indexes show that food prices rose just 0.4% in the year to August while rent increases remained at the same level and fuel and travel costs dipped
Signs of a slowdown in the housing market are now much clearer, particularly in Auckland, says CoreLogic
12th Sep 24, 12:01am
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Signs of a slowdown in the housing market are now much clearer, particularly in Auckland, says CoreLogic
Large numbers of students pushed the monthly net migration gain to more than 5,000 in July
11th Sep 24, 11:33am
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Large numbers of students pushed the monthly net migration gain to more than 5,000 in July
Manawa shareholders to be offered a mix of cash and Contact shares in a deal that brings two of the larger NZX listed companies together
11th Sep 24, 9:42am
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Manawa shareholders to be offered a mix of cash and Contact shares in a deal that brings two of the larger NZX listed companies together
'Spring has sprung and interest rates are coming down – but don’t expect to see house prices suddenly take off again soon'
10th Sep 24, 5:00am
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'Spring has sprung and interest rates are coming down – but don’t expect to see house prices suddenly take off again soon'
David Hargreaves examines the apparently set path we are on to a series of interest rate reductions and wonders if there could yet be some potholes along the way
8th Sep 24, 6:30am
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David Hargreaves examines the apparently set path we are on to a series of interest rate reductions and wonders if there could yet be some potholes along the way
Latest Reserve Bank figures show approximately one in five new mortgages collected in July were fixed for just six months as the punters bet on imminent rate cuts - that are subsequently following
4th Sep 24, 3:40pm
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Latest Reserve Bank figures show approximately one in five new mortgages collected in July were fixed for just six months as the punters bet on imminent rate cuts - that are subsequently following
Worldline NZ data shows that retail spending slipped 0.5% in August when compared with the same month in 2023
4th Sep 24, 1:35pm
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Worldline NZ data shows that retail spending slipped 0.5% in August when compared with the same month in 2023
Soaring levels of business confidence in the wake of interest rate cuts have got the economists wondering how quickly the country's economy might get rolling again
3rd Sep 24, 1:15pm
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Soaring levels of business confidence in the wake of interest rate cuts have got the economists wondering how quickly the country's economy might get rolling again
Latest RBNZ figures show the total of non-performing housing loans has now risen above $2 billion and is at levels not seen since the aftermath of the Global Financial Crisis
3rd Sep 24, 9:53am
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Latest RBNZ figures show the total of non-performing housing loans has now risen above $2 billion and is at levels not seen since the aftermath of the Global Financial Crisis
Centrix says company liquidations are continuing to rise with the manufacturing sector most affected over the past year
3rd Sep 24, 5:00am
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Centrix says company liquidations are continuing to rise with the manufacturing sector most affected over the past year
Households plunged an extra $2 billion into term deposits in July as they sought to take advantage of high interest rates ahead of anticipated reductions in the rates
2nd Sep 24, 11:56am
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Households plunged an extra $2 billion into term deposits in July as they sought to take advantage of high interest rates ahead of anticipated reductions in the rates
[updated]
'Things are looking up, albeit from a pretty dark place for many firms', says ANZ; Finance Minister says the survey shows businesses 'are feeling a whole lot better about the future'
29th Aug 24, 1:36pm
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'Things are looking up, albeit from a pretty dark place for many firms', says ANZ; Finance Minister says the survey shows businesses 'are feeling a whole lot better about the future'