HOT TOPICS:   OCR  |  Mortgages   | NZ$                                                                        RESOURCES:    Economic calendar   |   Farms for sale

The comment stream

Reader poll

User profile

David Chaston's picture

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

Updated
A review of things you need to know before you go home on Friday; Housing consents disappoint but other construction booming, Co-op Bank knocked back, flush bank accounts, higher consumer debt

90 seconds at 9 am: US grows strongly

US grows strongly in Q3; lowest jobless claims in 14 yrs; oil output surges to 30 yr high; banks back in firing line; Brazil raises rates, gold sinks; NZ$1 = US$0.785, TWI = 76.5

HSBC offers one year mortgages at 5.39%

Home loan rates continue to fall with more reductions today; rates re-set lower for terms of three years and less, for Premier clients

What happened Thursday

A review of things you need to know before you go home on Thursday; mortgage approvals rise, IAG gets dominance to pay, more RBNZ currency intervention, swap rates steepen, full replacement cover returns

RBNZ holds OCR at 3.5% as expected

Reserve Bank's October OCR statement

90 seconds at 9 am: US Fed ends QE

US Fed ends money printing, still holding US$3.6 tln; China to support six industries; stocks and gold fall; oil and UST 10yr yields rise; NZ$1 = US$0.786, TWI = 76.5

What happened Wednesday

A review of things you need to know before you go home on Wednesday; companies confident, more real estate agents, more water policy, Tesla's for the Govt?, Co-op Bank cuts rates

Online spending jumps in September

Surge in retail spending online in September in dramatic contrast to previous trends; use of online buying by over 65 yr olds growing fastest

90 seconds at 9 am: Apple Pay a hit

US consumer confidence jumps; factory orders dip; homeownership rate falls again; Apply Pay zooms; Japan retail surges; UST 10yr yield 2.28%; NZ$1 = US$0.79.3, TWI = 76.9

What happened Tuesday

A review of things you need to know before you go home on Tuesday; more mortgage rate reductions, NZME float salesmen chosen, more research funding, paying for results

90 seconds at 9 am: ANZ cocks up

Key US sectors moderate; euro banks mostly pass stress tests; ANZ shares in trading halt; UST 10yr 2.26%; oil price falls; NZ$1 = US$0.79.0, TWI = 76.7

Kiwibank matches 2 yr market

State-owned bank follows mortgage market down with new 'special' offer, reprises its cash incentive for lending over $100,000

Monday's Top 10

David Chaston on a fiscal wormhole; distorted values; big bribes; dangerous speeds; the huge growth in energy; reversion to the mean; Hunter S. Thompson; Dilbert & more

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