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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: Europe's investment offensive

US data mixed; EU announces NZ$½ tln fiscal 'investment'; usual suspects sued over precious metals price fixing; oil lower; UST 10yr yields down; NZ$1 = 78.8 USc, TWI = 78.5

What happened Wednesday

A review of things you need to know before you go home on Wednesday; Westpac raises credit card rates, mortgage market jumps, Graeme Hart's junk, real national savings, swap rates flatten

Something new for investors

We have launched a new rate resource page revealing peer-to-peer investment opportunities for investors

90 seconds at 9 am: Oil and iron ore prices slump

US growth revised higher; OECD worried about Japan and eurozone; iron ore price slumps; Aussie banks splurge on cheap money; oil price falls; NZ$1 = 78.0 USc, TWI = 77.9

What happened Tuesday

A review of things you need to know before you go home on Tuesday; lots of interest rate action, a big retail Xmas, a coming recession, doubling rural exports, lower swap rates

Back to the future?

Most average bank fixed mortgage rates now lower than average bank floating rates, reprising a rate structure last seen in 2009

90 seconds at 9 am: 'A deficit of trust'

Business confidence down everywhere except China (and NZ); Murray says banks have reputation problem; Russia bleeds; NZ$1 = 78.5 USc, TWI = 78.3

ANZ claims market low 18 mth mortgage rate

New Zealand's biggest home loan lender cuts nearly every fixed rate it offers, matching the market in some terms, going lower in others

What happened Monday

A review of things you need to know before you go home on Monday; BNZ reduces savings interest, Kiwibank pulls back on high LVR lending, migrants keep coming, record visitor levels, NZD firms

Monday's Top 10

David Chaston on a dishonesty culture in banks; a China mortgage bomb; what's doing us in; more migration, better equity; SOI fears in perspective; Dilbert & more

90 seconds at 9 am: Growing credit risks

China cuts rates; Australia faces more risk; US targets merchant banking; ECB and EU plan more stimulus; UST 10yr 2.31%; gold and oil up; NZ$1 = 78.8 USc, TWI = 78.5

China cuts its benchmark rates

First rate cut in more than two years surprises markets; part of a broader effort to support a slowing Chinese economy

What happened Friday

A review of things you need to know before you go home on Friday; more home loan rate cuts, bigger credit card debt, sharing with our new best friends, Arvida gets its money

BNZ, Kiwibank cut 3-yr home loan rates

Updated
Cuts to three-year, fixed-term home loan rates from BNZ and Kiwibank; Kiwibank ends five-year 'special'

90 seconds at 9 am: Momentum swings to US

US data strong for housing, factories and employment; eurozone and China factory data weak; China to cap coal use; UST 10yr 2.31%; NZ$1 = 78.5 USc, TWI = 78.2

Westpac launches new 18 mth home loan 'special'

The Red Bank rejigs its home loan offers; targets 18 month, 3 year and 5 year terms for lower conditional rates

90 seconds at 9 am: ANZ probed over manipulation

Updated
US building permits rise strongly; markets await Fed minutes; Russia's big bond failure; China's big rail route; ANZ's big black eye; NZ$1 = 78.6 USc, TWI = 77.9

What happened Wednesday

A review of things you need to know before you go home on Wednesday; dairy angst, low birth rate, taxpayers finally shake guarantee; mortgage approvals stir, swap rates fall

KiwiSaver is failing

Two Treasury researchers find that the KiwiSaver program is not achieving its goal of increasing the net wealth of the country, having no effect in meeting its objective

90 seconds at 9 am: More dairy price falls

Dairy prices fall another 5% in NZD; US data positive; new election called in Japan; Indonesia cuts subsidies, raises rates; Beijing house prices fall; NZ$1 = 79.4 USc, TWI = 78.7