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David Chaston is the publisher of interest.co.nz and is commited to ensuring readers get the latest information on interest rates, and the forces that move them.

Articles by David Chaston


The stakes are high

The home loan market is set up for an intense bout of competition. Low rates and slow-growing mortgage books putting pressure on all banks to 'grow'

Sellers raise their sights

National average asking price of houses for sale in February rises above $500,000 for the first time, while Auckland property hits new high

What happened Friday

A review of things you need to know before you go home on Friday; approaching parity, lame consent levels, strong confidence levels, more water storage, rising swap rates

90 seconds at 9 am: Another NZD run-up?

Equities hit record highs; US prices fall, durable goods orders rise; EU exempts France; wholesale rates fall; oil and gold stable; NZ$1 = 75.4 USc, TWI = 78.5

What happened Thursday

A review of things you need to know before you go home on Thursday; $4.70 confirmed, trade balance surprise, immigration surge, swap rates flatten, weak AUD promotes the kiwi

90 seconds at 9 am: Hong Kong cuts taxes

Chinese factories marking time, consumer sentiment low; Hong Kong cuts taxes; Greece distrusted; AU wage growth slows, confidence down; NZ$1 = 75.4 USc, TWI = 78.5

What happened Wednesday

A review of things you need to know before you go home on Wednesday; minimum wage rise, skimming alert, Aussies tackle foreign housing demand, swap rates fall again

90 seconds at 9 am: Yellen comments raise USD

Fed lays groundwork for rate rise; US services grow strongly, consumers pull back; Greek extension approved; India search HSBC; gold falls; NZ$1 = 74.6 USc, TWI = 78

What happened Tuesday

A review of things you need to know before you go home on Tuesday; SBS cuts TD rates, inflation expectations fall, 'hot' regional expansion, big Auckland re-zoning, swaps lower, NZD falls

90 seconds at 9 am: New AU 'advice' scandal

US house sales cool; Greece waits; HSBC's 'shame'; China's new airplane; more AU bank advice scandals; swaps rise; NZ$1 = 75.3 USc, TWI = 78.7

What happened Monday

A review of things you need to know before you go home on Monday; Westpac cuts, credit card use revealed, Kiwibank's high leverage dividend plan, Heartland's low leverage result, swap rates rise

90 seconds at 9 am: Greek illusions

Greeks agree deal, prepare plan; PMI's expand in the US, Europe and Japan; Lee Kwan Yew in intensive care; UST 10yr yields rise; NZ$1 = 75.2 USc, TWI = 78.4

What happened Friday

A review of things you need to know before you go home on Friday; more mortgage 'specials', better Crown a/cs, record NZSF month, backup Kiwibank HQ, swap rates rise

A Friday rate reduction

TSB Bank cuts two 'special' home loan rates further, adds a new 'special' for five years

90 seconds at 9 am: Rising bond market risks

US jobless claims fall; Germany says No! to Greece; Japan's exports jump; bond market anxiety rises; S&P queries AU AAA rating; oil price falls; NZ$1 = 75.3 USc, TWI = 78.6

What happened Thursday

A review of things you need to know before you go home on Thursday; TD rates cut, Chinese New Year special, labour market momentum, PPI falls, consumers confident, swap rates fall

90 seconds at 9 am: Yields keep rising

Updated
Greece close to deadline; Swiss raid HSBC; US PPI in sharp fall; growing Japanese deal appetite; UST 10yr yields rise again; gold under US$1200; NZ$1 = 75.2 USc, TWI = 78.6

What happened Wednesday

A review of things you need to know before you go home on Wednesday; market leading call offer, fruit fly alert, tame farm sales, mortgage approvals up, swap rates rise and steepen

90 seconds at 9 am: Dairy prices jump

WMP up +13.7%, volumes lower; German sentiment up; Greeks offended; China house prices drop; commodities rise; UST 10yr yield 2.09%; NZ$1 = 75.2 USc, TWI = 78.4

What happened Tuesday

Updated
A review of things you need to know before you go home on Tuesday; ASB says expect home loan restrictions, RBA gloomy, ANZ NZ shines in Group, swaps fall -2 bps, NZD stable