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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


90 seconds at 9 am: US economy surges

US Q2 growth surprise; job growth strong; Fed maintains course; tough London rules for bankers; corruption exposed; yields jump; NZ$1 = US$0.849, TWI = 79.6

What happened Wednesday

A review of things you need to know before you go home on Wednesday; non-housing consent record, SFO-FMA co-operation, busy roads, NZD breather, bank bills at 3.7%

90 seconds at 9 am: NZD slips sharply

US confidence high, house prices low; IMF warns on global growth; Aussie job stress; oil price lower; NZ$1 = US$0.849, TWI = 79.4

Co-op Bank raises rates

Both floating home loan rates and term deposit rates are increased by the Co-operative Bank, effective Wednesday

Kiwibank raises variable home loan rates

The state-owned lender follows the pack with a +25 bps raise to 6.65%, signals term deposit rates are rising too

What happened Tuesday

Updated
A review of things you need to know before you go home on Tuesday; Westpac grabs some extra margin, Transmission Gully underway, the MetroGlass yo-yo, wholesale rates rise

Westpac raises term deposit rates

Westpac raises term deposit rates by between 10 and 35 bps for all terms up to eighteen months

Westpac's mortgage rate rise plus

Last Aussie-owned bank to raise floating home loan rates holds on to rate advantage but reduces the benefit

90 seconds at 9 am: Russia loses Yukos case

US services and factories expand in July, housing falls in June; Russia loses a $50 bln arbitration case; UST yields 2.48%; oil price lower, gold higher; NZ$1 = US$0.855, TWI = 79.7

What happened Monday

A review of things you need to know before you go home on Monday; BNZ raises variable rates +25bps, selective on deposits, Dorchester looks for more of Turners, RBNZ leads,  wholesale rates sink

Monday's Top 10

David Chaston on The Economist's Big Mac index, why Auckland is rich, the World Bank's fight for relevance, rising sea levels, Yogi Berra, Dilbert & more

90 seconds at 9 am: NZD lower

US durable goods orders rise; eyes on Fed taper and NFPs, Argentina at the brink, UST 10yrs 2.47%; NZ$1 = US$0.854, TWI = 79.8

What happened Friday

A review of things you need to know before you go home on Friday; rates react to RBNZ hike, confidence fades, affordability actually improves, wholesale swap rates rise, and more

The new rate inversion

After floating mortgage rates are pushed up by official action, they are now above rates fixed for three years (or longer)

90 seconds at 9 am: Low rate angst

US factory expansion; steep fall in US jobless claims; Euro services rebound; AU concern at low rates; UST 10yr 2.51%; NZ$1 = US$0.858, TWI = 79.9

What happened Thursday

Updated
A review of things you need to know before you go home on Thursday; rates rise after OCR hike, Chinese PMI up, NZ trade balance strong, high LVR lending rises, swap rates fall, and more

RBNZ raises OCR to 3.50%

Official Cash rate rises +0.25%; RBNZ says will now be "a period of assessment"

90 seconds at 9 am: China gold demand falls

IMF downgrades US in 2014, upgrades for 2015; China's provinces upbeat; Aust sees mortgage war, UST 10yr 2.46%; NZ$1 = US$0.868, TWI = 80.8

What happened Wednesday

A review of things you need to know before you go home on Wednesday; Aussie inflation raises their currency, mortgage volumes sag further, Hubbard's trick, wholesale rates rise, and more

90 seconds at 9 am: Markets ignore non-economic tensions

American inflation rises; house sales up; equities hit a new record on good earnings reports; NZ$1 = US$0.866, TWI = 80.7