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 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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
Weak FDI extends in China; weaker US data leading to recession signals; many central banks review rates; iron ore demand wavers; UST 10yr at 4.38%; gold and oil hold; NZ$1 = 59.7 USc; TWI-5 = 67.7, cryptos dip
23rd Jun 25, 7:19am
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Weak FDI extends in China; weaker US data leading to recession signals; many central banks review rates; iron ore demand wavers; UST 10yr at 4.38%; gold and oil hold; NZ$1 = 59.7 USc; TWI-5 = 67.7, cryptos dip
Term deposit rates are slowly spiraling down as household bank accounts get flusher faster than loan demand. The DCS isn't helping either
22nd Jun 25, 9:34am
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Term deposit rates are slowly spiraling down as household bank accounts get flusher faster than loan demand. The DCS isn't helping either
To understand bank profitability, it helps to understand the net interest margin. Banks are commodity businesses and small margin movements make a big difference. Big is always better in any commodity business
22nd Jun 25, 6:30am
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To understand bank profitability, it helps to understand the net interest margin. Banks are commodity businesses and small margin movements make a big difference. Big is always better in any commodity business
Leading indicators point to an upcoming US recession; Japanese inflation pressure eases; China FDI still very weak; China steel signals weak; many policy rate reviews; UST 10yr at 4.38%; gold and oil lower; NZ$1 = 59.7 USc; TWI-5 = 67.7
21st Jun 25, 8:41am
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Leading indicators point to an upcoming US recession; Japanese inflation pressure eases; China FDI still very weak; China steel signals weak; many policy rate reviews; UST 10yr at 4.38%; gold and oil lower; NZ$1 = 59.7 USc; TWI-5 = 67.7
A major reinsurer looks at risks that matter to insurers today and those that will in the future. These will be significant drivers of household and business insurance premiums and coverage limits
20th Jun 25, 1:47pm
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A major reinsurer looks at risks that matter to insurers today and those that will in the future. These will be significant drivers of household and business insurance premiums and coverage limits
[updated]
A review of things you need to know before you sign off on Thursday; no retail rate changes, rents down, GDP up, more bond issuance, cost of living & economy health top issues, swaps stable, NZD dips, & more
19th Jun 25, 3:59pm
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A review of things you need to know before you sign off on Thursday; no retail rate changes, rents down, GDP up, more bond issuance, cost of living & economy health top issues, swaps stable, NZD dips, & more
US Fed stays hawkish in the face of inflation threats, cuts US growth outlook; US housing data weak; Japanese factory orders weaken; iron ore price under pressure; UST 10yr at 4.40%; gold and oil unchanged; NZ$1 = 60.2 USc; TWI-5 = 68.2
19th Jun 25, 7:20am
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US Fed stays hawkish in the face of inflation threats, cuts US growth outlook; US housing data weak; Japanese factory orders weaken; iron ore price under pressure; UST 10yr at 4.40%; gold and oil unchanged; NZ$1 = 60.2 USc; TWI-5 = 68.2
A review of things you need to know before you sign off on Wednesday; mortgage and TD rates tighten, unsold housing rises, consumers less glum, current account deficit shrinks, swaps stable, NZD dips, & more
18th Jun 25, 3:59pm
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A review of things you need to know before you sign off on Wednesday; mortgage and TD rates tighten, unsold housing rises, consumers less glum, current account deficit shrinks, swaps stable, NZD dips, & more