About
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.
David Chaston
Latest articles
As the economy stumbles, it is vital that reporting on what is happening stays comprehensive, open and free. We need our Supporters now more than ever. If you can support us you can go ad-free too
5th Jul 25, 9:10am
12
As the economy stumbles, it is vital that reporting on what is happening stays comprehensive, open and free. We need our Supporters now more than ever. If you can support us you can go ad-free too
Bad choices to haunt US financial markets; Japanese spending rises; China property woes back; EU house prices rise; Australian household spending rises; UST 10yr at 4.33%; gold up and oil flat; NZ$1 = 60.6 USc; TWI-5 = 67.9
5th Jul 25, 8:07am
12
Bad choices to haunt US financial markets; Japanese spending rises; China property woes back; EU house prices rise; Australian household spending rises; UST 10yr at 4.33%; gold up and oil flat; NZ$1 = 60.6 USc; TWI-5 = 67.9
A review of things you need to know before you sign off on Friday; Auckland dwelling completions low, FHBs raid K/S for first home deals, equity values still rising as companies stay optimistic, swaps a touch firmer, NZD holds, & more
4th Jul 25, 3:59pm
10
A review of things you need to know before you sign off on Friday; Auckland dwelling completions low, FHBs raid K/S for first home deals, equity values still rising as companies stay optimistic, swaps a touch firmer, NZD holds, & more
US budget locks in monster deficits; US payrolls rise, pay falls; US factory orders flat except for aircraft; China services expand slowly; freight rates dive; UST 10yr at 4.34%; gold down and oil flat; NZ$1 = 60.7 USc; TWI-5 = 68
4th Jul 25, 7:18am
18
US budget locks in monster deficits; US payrolls rise, pay falls; US factory orders flat except for aircraft; China services expand slowly; freight rates dive; UST 10yr at 4.34%; gold down and oil flat; NZ$1 = 60.7 USc; TWI-5 = 68
A review of things you need to know before you sign off on Thursday; surprise big-bank rise in a key TD rate, Kiwi Bond rates cut; households run down savings faster, car sales pick up, swaps stable, NZD eases back a bit, & more
3rd Jul 25, 3:58pm
12
A review of things you need to know before you sign off on Thursday; surprise big-bank rise in a key TD rate, Kiwi Bond rates cut; households run down savings faster, car sales pick up, swaps stable, NZD eases back a bit, & more
Treasury reduces Kiwi Bond interest rates, the benchmark for risk-free saving for retail savers, their third cut in 2025
3rd Jul 25, 2:28pm
Treasury reduces Kiwi Bond interest rates, the benchmark for risk-free saving for retail savers, their third cut in 2025
US jobs data gets an unexpected negative signal; US car sales retreat; China car sales strong but brittle; Singapore PMI firms; Aussie retail lackluster, eyes on RBA; UST 10yr at 4.29%; gold and oil firmer; NZ$1 = 60.8 USc; TWI-5 = 68.1
3rd Jul 25, 7:19am
22
US jobs data gets an unexpected negative signal; US car sales retreat; China car sales strong but brittle; Singapore PMI firms; Aussie retail lackluster, eyes on RBA; UST 10yr at 4.29%; gold and oil firmer; NZ$1 = 60.8 USc; TWI-5 = 68.1
A review of things you need to know before you sign off on Wednesday; Barfoots positive, mortgage stress rises, dairy prices weak, log demand tepid, banks launch unimpressive switching service, swaps mixed, NZD firmish, & more
2nd Jul 25, 3:59pm
4
A review of things you need to know before you sign off on Wednesday; Barfoots positive, mortgage stress rises, dairy prices weak, log demand tepid, banks launch unimpressive switching service, swaps mixed, NZD firmish, & more
US budget close to passage; dairy prices fall; US data unimpressive; Japanese sentiment rises; EU inflation modest; Sydney bracing for wild weather; UST 10yr at 4.25%; gold up but oil holds; NZ$1 = 60.9 USc; TWI-5 = 68.2
2nd Jul 25, 7:24am
4
US budget close to passage; dairy prices fall; US data unimpressive; Japanese sentiment rises; EU inflation modest; Sydney bracing for wild weather; UST 10yr at 4.25%; gold up but oil holds; NZ$1 = 60.9 USc; TWI-5 = 68.2
[updated]
A review of things you need to know before you sign off on Tuesday; DCS in effect, asking prices fall again, building consents low, QSBO weak, eyes on WMP, Watercare separates, swaps stable, NZD firm, & more
1st Jul 25, 4:00pm
9
A review of things you need to know before you sign off on Tuesday; DCS in effect, asking prices fall again, building consents low, QSBO weak, eyes on WMP, Watercare separates, swaps stable, NZD firm, & more
US data weak and US budget bill debated; India slows; China holds slow; air cargo volumes get tariff push; air travel rises; Aussie house prices rise; UST 10yr at 4.23%; gold up but oil dips; NZ$1 = 60.9 USc; TWI-5 = 68.1
1st Jul 25, 7:19am
4
US data weak and US budget bill debated; India slows; China holds slow; air cargo volumes get tariff push; air travel rises; Aussie house prices rise; UST 10yr at 4.23%; gold up but oil dips; NZ$1 = 60.9 USc; TWI-5 = 68.1
A review of things you need to know before you sign off on Monday; some smaller banks cut fixed home loan rates, FHB's borrow+buy more aggressively, jobs data doesn't look flash, Business sentiment 'difficult', swaps stable, NZD firm, & more
30th Jun 25, 3:59pm
5
A review of things you need to know before you sign off on Monday; some smaller banks cut fixed home loan rates, FHB's borrow+buy more aggressively, jobs data doesn't look flash, Business sentiment 'difficult', swaps stable, NZD firm, & more
Eyes on China's economic resilience and American household finances; Canada attacked by US Big Tech via Trump and by Chinese video surveillance; UST 10yr at 4.27%; gold drops but oil holds; NZ$1 = 60.4 USc; TWI-5 = 68
30th Jun 25, 7:19am
1
Eyes on China's economic resilience and American household finances; Canada attacked by US Big Tech via Trump and by Chinese video surveillance; UST 10yr at 4.27%; gold drops but oil holds; NZ$1 = 60.4 USc; TWI-5 = 68
US consumers signal recession with affluent consumers now struggling too; US ramps up bullying of Canada, EU; Japan rice imports surge; UST 10yr at 4.27%; gold drops but oil holds; NZ$1 = 60.4 USc; TWI-5 = 68
28th Jun 25, 8:22am
7
US consumers signal recession with affluent consumers now struggling too; US ramps up bullying of Canada, EU; Japan rice imports surge; UST 10yr at 4.27%; gold drops but oil holds; NZ$1 = 60.4 USc; TWI-5 = 68
A review of things you need to know before you sign off on Friday; no retail rate changes, consumer sentiment still weak, mortgage switching at all-time high, business results show low returns, swaps firmish, NZD stays elevated, & more
27th Jun 25, 3:59pm
14
A review of things you need to know before you sign off on Friday; no retail rate changes, consumer sentiment still weak, mortgage switching at all-time high, business results show low returns, swaps firmish, NZD stays elevated, & more
US data weaker as the greenback falls with markets worried about an impending White House attack on the Fed; Freight rates retreat; UST 10yr at 4.25%; gold up but oil holds; NZ$1 = 60.7 USc; TWI-5 = 68.1
27th Jun 25, 7:22am
7
US data weaker as the greenback falls with markets worried about an impending White House attack on the Fed; Freight rates retreat; UST 10yr at 4.25%; gold up but oil holds; NZ$1 = 60.7 USc; TWI-5 = 68.1
[updated]
A review of things you need to know before you sign off on Thursday: Rabobank trims TD rates, TSB profit rises, BNZ launches no-interest no-paperwork SME loan, high demand for NZGBs, growing commercial premise vacancies, swaps soft, NZD firm, & more
26th Jun 25, 3:59pm
11
A review of things you need to know before you sign off on Thursday: Rabobank trims TD rates, TSB profit rises, BNZ launches no-interest no-paperwork SME loan, high demand for NZGBs, growing commercial premise vacancies, swaps soft, NZD firm, & more
A changing of the guard at a key US Federal Reserve function has opened the door for a US$200+ bln relief from their 'tight' bank capital rules for the largest, globally important banks who are US based
26th Jun 25, 11:40am
4
A changing of the guard at a key US Federal Reserve function has opened the door for a US$200+ bln relief from their 'tight' bank capital rules for the largest, globally important banks who are US based
US electricity prices leap; US new house sales drop hard; Powell pushes back on one-off claim; Australian CPI eases; UST 10yr at 4.29%; gold and oil hold; Shell eyes BP; NZ$1 = 60.3 USc; TWI-5 = 68
26th Jun 25, 7:18am
10
US electricity prices leap; US new house sales drop hard; Powell pushes back on one-off claim; Australian CPI eases; UST 10yr at 4.29%; gold and oil hold; Shell eyes BP; NZ$1 = 60.3 USc; TWI-5 = 68
A review of things you need to know before you sign off on Wednesday; little rate activity, banks glum about house price prospects; trade surplus stays very elevated; Xero reaches for a big prize; swaps dip, NZD rises, & more
25th Jun 25, 4:00pm
11
A review of things you need to know before you sign off on Wednesday; little rate activity, banks glum about house price prospects; trade surplus stays very elevated; Xero reaches for a big prize; swaps dip, NZD rises, & more
Powell stays focused on inflation threats; US data weaker; Canadian inflation low; Taiwan factories buoyant; Korea happier; Germany regains mojo; UST 10yr at 4.30%; gold and oil down sharply; NZ$1 = 60.2 USc; TWI-5 = 67.9
25th Jun 25, 7:23am
3
Powell stays focused on inflation threats; US data weaker; Canadian inflation low; Taiwan factories buoyant; Korea happier; Germany regains mojo; UST 10yr at 4.30%; gold and oil down sharply; NZ$1 = 60.2 USc; TWI-5 = 67.9
[updated]
A review of things you need to know before you sign off on Tuesday; home loans more affordable, job sentiment stays near historic lows; FBU nightmare continues, no stress signals in credit card debt, swaps stable ,NZD jumps, & more
24th Jun 25, 3:59pm
19
A review of things you need to know before you sign off on Tuesday; home loans more affordable, job sentiment stays near historic lows; FBU nightmare continues, no stress signals in credit card debt, swaps stable ,NZD jumps, & more
US PMIs hint at loss of competitiveness; China circles wagons on SOE developers; PMIs improve in Japan, India, Europe & Australia; UST 10yr at 4.33%; gold up and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.7
24th Jun 25, 7:19am
11
US PMIs hint at loss of competitiveness; China circles wagons on SOE developers; PMIs improve in Japan, India, Europe & Australia; UST 10yr at 4.33%; gold up and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.7
A review of things you need to know before you sign off on Monday; ASB moves rates down, Smartpay gets offer, retirement village landlords exit aged care, swaps stable, NZD dips again, & more
23rd Jun 25, 3:59pm
6
A review of things you need to know before you sign off on Monday; ASB moves rates down, Smartpay gets offer, retirement village landlords exit aged care, swaps stable, NZD dips again, & more
ASB's latest rate reductions are uninspiring for customers, embedding levels all their main rivals were already at, and reinforcing that rate competition is now more perfunctory than real at present
23rd Jun 25, 8:17am
2
ASB's latest rate reductions are uninspiring for customers, embedding levels all their main rivals were already at, and reinforcing that rate competition is now more perfunctory than real at present