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
A review of things you need to know before you sign off on Tuesday; no retail rate changes, more family reunification, fewer forest farms, Census data shows mobility and longer working lives, swaps stable, NZD holds, & more
10th Jun 25, 3:59pm
11
A review of things you need to know before you sign off on Tuesday; no retail rate changes, more family reunification, fewer forest farms, Census data shows mobility and longer working lives, swaps stable, NZD holds, & more
China-US trade talks active; US inflation expectations dip; eyes on corporate insolvencies; China deflation extends; export & import data shifting; UST 10yr at 4.49%; gold and oil firm; NZ$1 = 60.5 USc; TWI-5 = 68.4
10th Jun 25, 7:20am
32
China-US trade talks active; US inflation expectations dip; eyes on corporate insolvencies; China deflation extends; export & import data shifting; UST 10yr at 4.49%; gold and oil firm; NZ$1 = 60.5 USc; TWI-5 = 68.4
A review of things you need to know before you sign off on Monday; Kiwibank cuts, fewer jobs, busier factories, financial markets quiet, Chinese CPI flat despite 'raging price wars' Chinese PPI deflates, swaps stable, NZD firmish, & more
9th Jun 25, 4:00pm
43
A review of things you need to know before you sign off on Monday; Kiwibank cuts, fewer jobs, busier factories, financial markets quiet, Chinese CPI flat despite 'raging price wars' Chinese PPI deflates, swaps stable, NZD firmish, & more
Kiwibank follows its main rivals with its own home loan rate cuts, concentrating its fire on the short fixed rate end. Its term deposit savers are getting their own cuts, across the board
9th Jun 25, 9:38am
2
Kiwibank follows its main rivals with its own home loan rate cuts, concentrating its fire on the short fixed rate end. Its term deposit savers are getting their own cuts, across the board
Jobs growth in the US sags, surprises in Canada; more US companies impose hiring freezes; India cuts rates more than expected; EU retail sales rise; Australia on holiday; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 60.2 USc; TWI-5 = 68.2
9th Jun 25, 7:19am
2
Jobs growth in the US sags, surprises in Canada; more US companies impose hiring freezes; India cuts rates more than expected; EU retail sales rise; Australia on holiday; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 60.2 USc; TWI-5 = 68.2
Bank concentration risk into home loans is rising from high to very high, with the largest banks making the biggest moves. We no longer have general banks, we have mortgage banks
8th Jun 25, 11:39am
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Bank concentration risk into home loans is rising from high to very high, with the largest banks making the biggest moves. We no longer have general banks, we have mortgage banks
US labour market stays in low-growth mode; attention turns to inflation monitoring; Canadian jobs rise; Japan bond tapering causes angst; India and Russia cut; UST 10yr at 4.51%; gold down and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2
7th Jun 25, 8:44am
25
US labour market stays in low-growth mode; attention turns to inflation monitoring; Canadian jobs rise; Japan bond tapering causes angst; India and Russia cut; UST 10yr at 4.51%; gold down and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2
A review of things you need to know before you sign off on Friday; no retail rate changes, money laundered convicted & fined, beef prices rise again, water storage returns to normal, swaps firmish, NZD stable, & more
6th Jun 25, 3:59pm
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A review of things you need to know before you sign off on Friday; no retail rate changes, money laundered convicted & fined, beef prices rise again, water storage returns to normal, swaps firmish, NZD stable, & more
US data volatile and becomes unreliable; Xi and Trump talk; Canadian exports drop hard; China service sector expands; ECB cuts; freight rates jump sharply; UST 10yr at 4.39%; gold down and oil holds; NZ$1 = 60.4 USc; TWI-5 = 68.3
6th Jun 25, 7:26am
26
US data volatile and becomes unreliable; Xi and Trump talk; Canadian exports drop hard; China service sector expands; ECB cuts; freight rates jump sharply; UST 10yr at 4.39%; gold down and oil holds; NZ$1 = 60.4 USc; TWI-5 = 68.3
[updated]
A review of things you need to know before you sign off on Thursday; retail expansion hard to find, Crown accounts show embedded deficits, construction in a funk, borrowers go longer, swaps stable, NZD firm, & more
5th Jun 25, 3:59pm
12
A review of things you need to know before you sign off on Thursday; retail expansion hard to find, Crown accounts show embedded deficits, construction in a funk, borrowers go longer, swaps stable, NZD firm, & more
US data weak with the Beige Book confirming malaise; CBO costs Trump's big budget deficits; Canada holds; Japan births at record low; Aussie GDP growth slows; UST 10yr at 4.36%; gold up and oil down; NZ$1 = 60.4 USc; TWI-5 = 68.2
5th Jun 25, 7:20am
2
US data weak with the Beige Book confirming malaise; CBO costs Trump's big budget deficits; Canada holds; Japan births at record low; Aussie GDP growth slows; UST 10yr at 4.36%; gold up and oil down; NZ$1 = 60.4 USc; TWI-5 = 68.2
[updated]
A review of things you need to know before you sign off on Wednesday; more retail rate cuts, Barfoot prices lower, dairy prices lower, new population projections, more vehicle securitisations, swaps stable, NZD holds, & more
4th Jun 25, 3:59pm
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A review of things you need to know before you sign off on Wednesday; more retail rate cuts, Barfoot prices lower, dairy prices lower, new population projections, more vehicle securitisations, swaps stable, NZD holds, & more
Dairy prices slip; US data underwhelms; Korea elects opposition candidate; China factories slow; EU inflation low; OECD sees lower growth; modest AU minimum wage rise; UST 10yr at 4.46%; gold down and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.1
4th Jun 25, 7:19am
24
Dairy prices slip; US data underwhelms; Korea elects opposition candidate; China factories slow; EU inflation low; OECD sees lower growth; modest AU minimum wage rise; UST 10yr at 4.46%; gold down and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.1
[updated]
Our largest home loan lender shores up its rate position as challengers, including some of its main rivals, shift to lower positions in a tightly competitive market. ASB responds with its own timid changes
3rd Jun 25, 5:06pm
3
Our largest home loan lender shores up its rate position as challengers, including some of its main rivals, shift to lower positions in a tightly competitive market. ASB responds with its own timid changes
[updated]
A review of things you need to know before you sign off on Tuesday; OCR rate cuts flow through, terms of trade high, housing market overstocked, meat prices rise, Stuff mirrors NZME, swaps stable. NZD firmish, & more
3rd Jun 25, 4:00pm
15
A review of things you need to know before you sign off on Tuesday; OCR rate cuts flow through, terms of trade high, housing market overstocked, meat prices rise, Stuff mirrors NZME, swaps stable. NZD firmish, & more
US PMIs contract as inflation rises; elsewhere PMIs contract as inflation falls; China deficit surges; US consumer mood reacts to tariff changes; Aussie job ads decline; UST 10yr at 4.46%; gold and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2
3rd Jun 25, 7:19am
26
US PMIs contract as inflation rises; elsewhere PMIs contract as inflation falls; China deficit surges; US consumer mood reacts to tariff changes; Aussie job ads decline; UST 10yr at 4.46%; gold and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2
US data downbeat; Trump can't understand why China won't roll over; Canada and India GDP expands; Koreans vote early; Aussie retail dips; UST 10yr at 4.40%; gold and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.9
31st May 25, 8:47am
33
US data downbeat; Trump can't understand why China won't roll over; Canada and India GDP expands; Koreans vote early; Aussie retail dips; UST 10yr at 4.40%; gold and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.9
A review of things you need to know before you sign off on Friday; virtually no retail rate change activity, housing metrics weak, consumer sentiment weak, households keep their cash ready, swaps retreat, NZD firms, & more
30th May 25, 3:59pm
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A review of things you need to know before you sign off on Friday; virtually no retail rate change activity, housing metrics weak, consumer sentiment weak, households keep their cash ready, swaps retreat, NZD firms, & more
Trump loses tariff case; US data weakish; Japanese sentiment recovers; freight rates and demand rise; passenger travel fully recovers with April surge; UST 10yr at 4.43%; gold up and oil down; NZ$1 = 59.9 USc; TWI-5 = 68
30th May 25, 7:19am
24
Trump loses tariff case; US data weakish; Japanese sentiment recovers; freight rates and demand rise; passenger travel fully recovers with April surge; UST 10yr at 4.43%; gold up and oil down; NZ$1 = 59.9 USc; TWI-5 = 68
Sub 4% rates become pervasive among the major banks. The challenger banks are mostly still in the 4%+ range. And finance companies are still largely offering 5%+ rates. All for DCS guaranteed security
29th May 25, 4:58pm
Sub 4% rates become pervasive among the major banks. The challenger banks are mostly still in the 4%+ range. And finance companies are still largely offering 5%+ rates. All for DCS guaranteed security
[updated]
A review of things you need to know before you sign off on Thursday; business confidence slips, Fonterra extends its $10 payout, KiwiSaver assets swell, insurance stress rises, Govt rolls back RBA impediments, swaps rise, NZD up, & more
29th May 25, 3:59pm
20
A review of things you need to know before you sign off on Thursday; business confidence slips, Fonterra extends its $10 payout, KiwiSaver assets swell, insurance stress rises, Govt rolls back RBA impediments, swaps rise, NZD up, & more
US inflation signals grab attention; Fed waiting for clarity; India factories grow modestly; EU and AU inflation signals draw attention too; UST 10yr at 4.48%; gold down and oil up; NZ$1 = 59.6 USc; TWI-5 = 67.9
29th May 25, 7:19am
57
US inflation signals grab attention; Fed waiting for clarity; India factories grow modestly; EU and AU inflation signals draw attention too; UST 10yr at 4.48%; gold down and oil up; NZ$1 = 59.6 USc; TWI-5 = 67.9
A review of things you need to know before you sign off on Wednesday; RBNZ cuts -25 bps as expected, jobs market gloomy, rental yields stay very low, dairy prices ease, more CCCFA penalties, swaps firmer, NZD softish, & more
28th May 25, 3:59pm
38
A review of things you need to know before you sign off on Wednesday; RBNZ cuts -25 bps as expected, jobs market gloomy, rental yields stay very low, dairy prices ease, more CCCFA penalties, swaps firmer, NZD softish, & more
[updated]
Rate cut announcements to savings accounts have started to flow with the first from ANZ who passed through the full -25 bps cut. ASB only cuts -20 bps
28th May 25, 2:53pm
Rate cut announcements to savings accounts have started to flow with the first from ANZ who passed through the full -25 bps cut. ASB only cuts -20 bps
Wall Street roars on TACO indications on EU tariffs; US data not great' China data ok but worries about carmakers; Korean sentiment recovers; UST 10yr at 4.44%; gold and oil down; NZ$1 = 59.5 USc; TWI-5 = 67.6
28th May 25, 7:28am
28
Wall Street roars on TACO indications on EU tariffs; US data not great' China data ok but worries about carmakers; Korean sentiment recovers; UST 10yr at 4.44%; gold and oil down; NZ$1 = 59.5 USc; TWI-5 = 67.6