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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


What happened Friday

A review of things you need to know before you go home on Friday; BNZ special, record deficit, unhappy staff at ANZ, Heartland loses a top official, high LVR lending jumps, swap rates rise and steepen

Record trade deficit

A spike in aircraft imports comes as exports fall and we splurge on new and used cars

BNZ cuts its 3yr home loan rate

Updated
The mortgage rate reductions keep coming with another bank pitching its latest change near the bottom of the range as wholesale rates droop

90 seconds at 9 am: WMP prices rise

US jobs picture brightens; factories stronger except in France; UST 10yr 2.28%; gold lower; WMP prices up; NZ$1 = US$0.782, TWI = 76.2

What happened Thursday

A review of things you need to know before you go home on Thursday; FMA warning, massive housing value surge, another housing Accord, expanding dairying, sharp falls in swap rates and the NZD

90 seconds at 9 am: Australia squeezed

Canada attacked; SEC rule not tough enough; price rises modest; Australia in tough position in FTA talks; UST 10yr yields rise, oil and gold fall; NZ$1 = US$0.794, TWI = 77.2

What happened Wednesday

Updated
A review of things you need to know before you go home on Wednesday; more mortgage rate cuts, seeking more migrants, fatter home loans, more rail riders, Cullen fund managers underpaid

Mortgage competition heats up

Two major banks come late to the mortgage rate reduction party but bring some of the lowest rates with them, boosted by falling swap rates

90 seconds at 9 am: Gold rises

US housing markets recover; ECB may buy corporate bonds; China growth slows, on purpose; UST 10yr 2.21%; oil lower; mortgage rates fall; NZ$1 = US$0.797, TWI = 77.3

What happened Tuesday

Updated
A review of things you need to know before you go home on Tuesday; record migrant arrivals, higher credit card debt, China growth still strong, swap rates fall

90 seconds at 9 am: Chinese doubts

China growth prospects scaled back sharply; China's Hong Kong fears; France vs Germany, again; Buffett loses again; UST 10yr 2.20%; NZ swaps rise; NZ$1 = US$0.797, TWI = 77.2

What happened Monday

A review of things you need to know before you go home on Monday; mortgage rates drop, LGFA rating support, housing politics, jump in rentals, jump in swaps, NZD holds

90 seconds at 9 am: Pumped margins

US housing and consumer confidence rebound; China pumps in another $40 bln; Ukraine gas deal close; Oil down but petrol up; NZ$1 = US$0.793, TWI = 76.9

ASB reduces rates then Kiwibank trumps them

Updated
Bank's vie for lowest-rate claim in rapid-fire mortgage rate reductions in the key one and two year terms, following wholesale rates down

What happened Friday

A review of things you need to know before you go home on Friday; cleaner trucks, fewer on benefits, swap rates rebound, bankruptcies drop

BNZ raises term deposit rates

Updated
A rise of four key term deposit rates by BNZ brings them more into line with other banks, but none are market leading. Cuts some key saver account rates

90 seconds at 9 am: Relief rally

US data shows healthy gains; Bullard says QE may continue; China lending rises; Wall Street higher; UST 10yr 2.13%; gold down, oil up; NZ$1 = US$0.796, TWI = 77

What happened Thursday

A review of things you need to know before you go home on Thursday; drama in the interest rate swap markets, jobs lost and gained, factories humming, NZD strengthens

90 seconds at 9 am: Dairy prices rise, sort of

Dairy prices up in USD; equity markets tumble; economic data uninspiring; US Govt has big Sept surplus; oil price slumps; NZ$1 = US$0.794, TWI = 77

What happened Wednesday

A review of things you need to know before you go home on Wednesday; BNZ cuts mortgage rates, Chinese inflation slows, Aussie mortgage risks low but rising, wholesale interest rates sink further