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
US PCE inflation eases as expected; China steel prices drop hard; China faces early & heavy season flooding; Russia hikes rate; India equities hit record high; UST 10yr 4.20%; gold firms and oil drops; NZ$1 = 58.9 USc; TWI-5 = 67.9
27th Jul 24, 8:11am
23
US PCE inflation eases as expected; China steel prices drop hard; China faces early & heavy season flooding; Russia hikes rate; India equities hit record high; UST 10yr 4.20%; gold firms and oil drops; NZ$1 = 58.9 USc; TWI-5 = 67.9
A review of things you need to know before you sign off on Friday; some minor rate changes, cost of living still high, consumer sentiment in surprising gain, EV insurance tough for all, swaps slip, NZD low, & more
26th Jul 24, 3:59pm
71
A review of things you need to know before you sign off on Friday; some minor rate changes, cost of living still high, consumer sentiment in surprising gain, EV insurance tough for all, swaps slip, NZD low, & more
David Chaston looks at the forces unusually driving swap rates below NZ government bond yields, anomalies defying the credit risks involved
26th Jul 24, 1:58pm
8
David Chaston looks at the forces unusually driving swap rates below NZ government bond yields, anomalies defying the credit risks involved
US economic growth exceeds forecasts; jobless claims fall; durable goods orders weak; China makes another surprise rate cut, raises subsidies; UST 10yr 4.27%; gold drops and oil holds; NZ$1 = 59 USc; TWI-5 = 68
26th Jul 24, 7:25am
101
US economic growth exceeds forecasts; jobless claims fall; durable goods orders weak; China makes another surprise rate cut, raises subsidies; UST 10yr 4.27%; gold drops and oil holds; NZ$1 = 59 USc; TWI-5 = 68
[updated]
A review of things you need to know before you sign off on Thursday; some more rate cuts, the real economy swoons, overseas house buyers scarce, hacks and manipulations, swaps still weak, NZ stable, & more
25th Jul 24, 3:59pm
79
A review of things you need to know before you sign off on Thursday; some more rate cuts, the real economy swoons, overseas house buyers scarce, hacks and manipulations, swaps still weak, NZ stable, & more
US PMIs for July positive especially for service sector; US exports rise; US housing struggles; Canada cuts; India soars & challenges China; Aussie new business slips; UST 10yr 4.29%; gold and oil up; NZ$1 = 59.4 USc; TWI-5 = 68.4
25th Jul 24, 7:19am
154
US PMIs for July positive especially for service sector; US exports rise; US housing struggles; Canada cuts; India soars & challenges China; Aussie new business slips; UST 10yr 4.29%; gold and oil up; NZ$1 = 59.4 USc; TWI-5 = 68.4
A review of things you need to know before you sign off on Wednesday; Westpac cuts retail rates again, residence visas stay elevated, retail sector in survival mode, mortgages get household priority, swaps stable, NZD down, & more
24th Jul 24, 3:59pm
77
A review of things you need to know before you sign off on Wednesday; Westpac cuts retail rates again, residence visas stay elevated, retail sector in survival mode, mortgages get household priority, swaps stable, NZD down, & more
Just 14 days after starting the recent rate cut flurry, Westpac cuts both home loan and term deposit rates again. It now mostly just matches rivals, but for some terms is again market-leading
24th Jul 24, 2:38pm
48
Just 14 days after starting the recent rate cut flurry, Westpac cuts both home loan and term deposit rates again. It now mostly just matches rivals, but for some terms is again market-leading
Commodity prices ease again including dairy prices; US retail expands but house sales don't; India chooses fiscal stimulus; Taiwan data good; China equities fall; UST 10yr 4.25%; gold up but oil lower; NZ$1 = 59.5 USc; TWI-5 = 68.5
24th Jul 24, 7:19am
76
Commodity prices ease again including dairy prices; US retail expands but house sales don't; India chooses fiscal stimulus; Taiwan data good; China equities fall; UST 10yr 4.25%; gold up but oil lower; NZ$1 = 59.5 USc; TWI-5 = 68.5
[updated]
A review of things you need to know before you sign off on Tuesday; no retail rate changes, ComCom eyes card fee savings, electricity prices spike, emissions fall, swaps hold, NZD falls, & more
23rd Jul 24, 3:59pm
140
A review of things you need to know before you sign off on Tuesday; no retail rate changes, ComCom eyes card fee savings, electricity prices spike, emissions fall, swaps hold, NZD falls, & more
Fast falling interest rates are seeing major banks reduce term deposit offers. But not all banks are doing this. We reveal 9 banks still offering savers 6% or more
23rd Jul 24, 10:57am
53
Fast falling interest rates are seeing major banks reduce term deposit offers. But not all banks are doing this. We reveal 9 banks still offering savers 6% or more
US data ok; Japan frets ahead of BofJ decision; India's Budget awaited; China cuts rates, attempts to raise retirement age; UST 10yr 4.26%; gold and oil soft; NZ$1 = 59.8 USc; TWI-5 = 68.8
23rd Jul 24, 7:20am
56
US data ok; Japan frets ahead of BofJ decision; India's Budget awaited; China cuts rates, attempts to raise retirement age; UST 10yr 4.26%; gold and oil soft; NZ$1 = 59.8 USc; TWI-5 = 68.8
A review of things you need to know before you sign off on Monday; ASB makes home loan and TD changes, Auckland dwelling completions hold for now, trade in surplus, swaps rise, NZD holds, & more
22nd Jul 24, 3:59pm
49
A review of things you need to know before you sign off on Monday; ASB makes home loan and TD changes, Auckland dwelling completions hold for now, trade in surplus, swaps rise, NZD holds, & more
Major banks complete shift of home loan rates lower. ASB pointedly grabs the lowest 6 month and 5 year rate offers of any bank. But a broader perspective suggests even lower rates are possible
22nd Jul 24, 8:36am
100
Major banks complete shift of home loan rates lower. ASB pointedly grabs the lowest 6 month and 5 year rate offers of any bank. But a broader perspective suggests even lower rates are possible
Biden quits; CrowdStrike issues ease; tech no answer to stagnant productivity; Japanese inflation stays elevated; China declines real reform; UST 10yr 4.24%; gold and oil hold; NZ$1 = 60.1 USc; TWI-5 = 69
22nd Jul 24, 6:46am
55
Biden quits; CrowdStrike issues ease; tech no answer to stagnant productivity; Japanese inflation stays elevated; China declines real reform; UST 10yr 4.24%; gold and oil hold; NZ$1 = 60.1 USc; TWI-5 = 69
Chaos & confusion in the tech world; Canadian retail sales drop; Japanese inflation stays higher than target; China navel-gazes without real reform; UST 10yr 4.24%; gold and oil drop; NZ$1 = 60.1 USc; TWI-5 = 69
20th Jul 24, 8:10am
76
Chaos & confusion in the tech world; Canadian retail sales drop; Japanese inflation stays higher than target; China navel-gazes without real reform; UST 10yr 4.24%; gold and oil drop; NZ$1 = 60.1 USc; TWI-5 = 69
A review of things you need to know before you sign off on Friday; more retail rate cuts, credit cards used less, CTRL censured, hard-sell development selldown, swaps lower, NZD stable, & more
19th Jul 24, 3:59pm
71
A review of things you need to know before you sign off on Friday; more retail rate cuts, credit cards used less, CTRL censured, hard-sell development selldown, swaps lower, NZD stable, & more
[updated]
BNZ the latest bank to cut fixed mortgage rates, offering the lowest 18 month fixed rate of any main bank and equal low for other popular terms. Heartland Bank, Kiwibank cut too
19th Jul 24, 9:45am
87
BNZ the latest bank to cut fixed mortgage rates, offering the lowest 18 month fixed rate of any main bank and equal low for other popular terms. Heartland Bank, Kiwibank cut too
US jobless claims rise, other data positive; Japanese exports rise; India pivots to target inflation; ECB holds on ongoing inflation risk; UST 10yr 4.19%; gold and oil firmish; NZ$1 = 60.6 USc; TWI-5 = 69.4
19th Jul 24, 7:18am
98
US jobless claims rise, other data positive; Japanese exports rise; India pivots to target inflation; ECB holds on ongoing inflation risk; UST 10yr 4.19%; gold and oil firmish; NZ$1 = 60.6 USc; TWI-5 = 69.4
A review of things you need to know before you sign off on Thursday; ANZ drops home loan rates, BNZ & ANZ drop TD rates, our jobless claims rise, NZGB tender very well supported, swaps stable, NZD unchanged, & more
18th Jul 24, 3:59pm
27
A review of things you need to know before you sign off on Thursday; ANZ drops home loan rates, BNZ & ANZ drop TD rates, our jobless claims rise, NZGB tender very well supported, swaps stable, NZD unchanged, & more
[updated]
A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them
18th Jul 24, 9:21am
34
A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them
Good US data builds bets Fed will cut soon; Japan gains; China struggles; WTO accuses China of lacking transparency; Trump comments sink Wall St; UST 10yr 4.14%; gold softer but oil up; NZ$1 = 60.7 USc; TWI-5 = 69.4
18th Jul 24, 7:19am
53
Good US data builds bets Fed will cut soon; Japan gains; China struggles; WTO accuses China of lacking transparency; Trump comments sink Wall St; UST 10yr 4.14%; gold softer but oil up; NZ$1 = 60.7 USc; TWI-5 = 69.4
[updated]
ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
17th Jul 24, 5:59pm
86
ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
A review of things you need to know before you sign off on Wednesday; CPI inflation eases more than expected, rents top out, dairy prices surprise, Synlait surprises again, swaps uncertain, NZD firms, & more
17th Jul 24, 3:59pm
34
A review of things you need to know before you sign off on Wednesday; CPI inflation eases more than expected, rents top out, dairy prices surprise, Synlait surprises again, swaps uncertain, NZD firms, & more
Dairy prices change direction; eyes on NZ CPI; US retail sales hold; Canadian inflation eases; IMF holds global growth estimate but warns on services inflation; UST 10yr 4.17%; gold at ATH but oil down; NZ$1 = 60.4 USc; TWI-5 = 69.3
17th Jul 24, 7:20am
48
Dairy prices change direction; eyes on NZ CPI; US retail sales hold; Canadian inflation eases; IMF holds global growth estimate but warns on services inflation; UST 10yr 4.17%; gold at ATH but oil down; NZ$1 = 60.4 USc; TWI-5 = 69.3