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
Australia comes away from Trump meeting with wins; Canada data soft; China reports good data but questions linger; France downgraded; German PPI falls; UST 10yr at 3.99%; gold higher, oil lower; NZ$1 = 57.5 USc; TWI-5 = 62
21st Oct 25, 7:21am
27
Australia comes away from Trump meeting with wins; Canada data soft; China reports good data but questions linger; France downgraded; German PPI falls; UST 10yr at 3.99%; gold higher, oil lower; NZ$1 = 57.5 USc; TWI-5 = 62
The second largest mortgage bank cuts home loan rates in response to the largest lender's cuts late last week. But some are me-too, some not as good as their main rivals, one dips just -4 bps
20th Oct 25, 5:08pm
4
The second largest mortgage bank cuts home loan rates in response to the largest lender's cuts late last week. But some are me-too, some not as good as their main rivals, one dips just -4 bps
[updated]
A review of things you need to know before you sign off on Monday; quiet on the retail rate front, hot on the inflation front, Kiwibank get new Chair, IRD claims compliance success, Future Fund proposed, swaps & NZD stable, & more
20th Oct 25, 3:59pm
5
A review of things you need to know before you sign off on Monday; quiet on the retail rate front, hot on the inflation front, Kiwibank get new Chair, IRD claims compliance success, Future Fund proposed, swaps & NZD stable, & more
A big week of data and earnings reports ahead; India rises; Singapore exports jump; Malaysia grows faster; AU-US links at risk; more TACO twists; UST 10yr at 4.01%; gold up, oil holds low; NZ$1 = 57.4 USc; TWI-5 = 61.9
20th Oct 25, 7:19am
11
A big week of data and earnings reports ahead; India rises; Singapore exports jump; Malaysia grows faster; AU-US links at risk; more TACO twists; UST 10yr at 4.01%; gold up, oil holds low; NZ$1 = 57.4 USc; TWI-5 = 61.9
Benchmark US Treasury bond yields may be falling on risk aversion, but that hides a shift in sentiment away from risk-free American options as their fiscal mismanagement gets entrenched
18th Oct 25, 9:32am
1
Benchmark US Treasury bond yields may be falling on risk aversion, but that hides a shift in sentiment away from risk-free American options as their fiscal mismanagement gets entrenched
US financial markets feature the flaky & flimsy; India bank loan growth soars; Singapore exports rise; Malaysia growth rises; Australian stresses build; UST 10yr at 4.01%; gold down, oil holds low; NZ$1 = 57.3 USc; TWI-5 = 61.8
18th Oct 25, 8:43am
42
US financial markets feature the flaky & flimsy; India bank loan growth soars; Singapore exports rise; Malaysia growth rises; Australian stresses build; UST 10yr at 4.01%; gold down, oil holds low; NZ$1 = 57.3 USc; TWI-5 = 61.8
A review of things you need to know before you sign off on Friday; mortgagee sales spike, farmers buy more tractors, red meat sales soar, debt demand rises, MTF in big securitisation, swaps fall, NZD falls, & more
17th Oct 25, 3:59pm
34
A review of things you need to know before you sign off on Friday; mortgagee sales spike, farmers buy more tractors, red meat sales soar, debt demand rises, MTF in big securitisation, swaps fall, NZD falls, & more
US data weak; Canada housing starts strong; Japanese machinery orders dip; Aussie jobs growth weaker; freight rates stop falling; UST 10yr at 3.97%; gold up yet again, oil lower again; NZ$1 = 57.3 USc; TWI-5 = 61.8
17th Oct 25, 7:19am
11
US data weak; Canada housing starts strong; Japanese machinery orders dip; Aussie jobs growth weaker; freight rates stop falling; UST 10yr at 3.97%; gold up yet again, oil lower again; NZ$1 = 57.3 USc; TWI-5 = 61.8
ANZ trims fixed rates, but only to levels that make them look good against their main rivals. Some challenger banks have much lower rates. ANZ also pushed through matching term deposit rate cuts
16th Oct 25, 4:54pm
1
ANZ trims fixed rates, but only to levels that make them look good against their main rivals. Some challenger banks have much lower rates. ANZ also pushed through matching term deposit rate cuts
[updated]
A review of things you need to know before you sign off on Thursday; Kiwi Bond rates cut the full 50 bps, inflation signals sag, building cost pressure eases, more benefit claims, Dawn to pay Alliance more, swaps soft, NZD firm, & more
16th Oct 25, 3:59pm
35
A review of things you need to know before you sign off on Thursday; Kiwi Bond rates cut the full 50 bps, inflation signals sag, building cost pressure eases, more benefit claims, Dawn to pay Alliance more, swaps soft, NZD firm, & more
Treasury reduces Kiwi Bond interest rates again, the benchmark for risk-free saving for retail savers, their fourth cut in 2025
16th Oct 25, 1:21pm
1
Treasury reduces Kiwi Bond interest rates again, the benchmark for risk-free saving for retail savers, their fourth cut in 2025
US data highlights inflation but officials turn a blind eye; China gets more deflation, softer debt expansion; India exports rise; Aussie house building weak; UST 10yr at 4.05%; gold up yet again, oil lower again; NZ$1 = 57.2 USc; TWI-5 = 61.7
16th Oct 25, 7:24am
16
US data highlights inflation but officials turn a blind eye; China gets more deflation, softer debt expansion; India exports rise; Aussie house building weak; UST 10yr at 4.05%; gold up yet again, oil lower again; NZ$1 = 57.2 USc; TWI-5 = 61.7
A review of things you need to know before you sign off on Wednesday; another new low mortgage rate, TD rates fall too, RE commissions hold up, FMA issues public warning, milk powder prices dip, swaps hold, NZD soft, & more
15th Oct 25, 3:59pm
51
A review of things you need to know before you sign off on Wednesday; another new low mortgage rate, TD rates fall too, RE commissions hold up, FMA issues public warning, milk powder prices dip, swaps hold, NZD soft, & more
Powell gets ready to support a dipping US economy; US SME optimism fades; China car market roars; Singapore doing better; IMF cautious; UST 10yr at 4.03%; gold up again, oil lower; NZ$1 = 57.2 USc; TWI-5 = 61.8
15th Oct 25, 7:19am
18
Powell gets ready to support a dipping US economy; US SME optimism fades; China car market roars; Singapore doing better; IMF cautious; UST 10yr at 4.03%; gold up again, oil lower; NZ$1 = 57.2 USc; TWI-5 = 61.8
A review of things you need to know before you sign off on Tuesday; first sign of another step down for fixed rates, RBNZ eases LVR rules, REINZ finds market going sideways, spending softens, swaps stable, NZD eases, & more
14th Oct 25, 3:59pm
28
A review of things you need to know before you sign off on Tuesday; first sign of another step down for fixed rates, RBNZ eases LVR rules, REINZ finds market going sideways, spending softens, swaps stable, NZD eases, & more
[updated]
Bank of China makes the first broad fixed mortgage rate cuts since the October 8 OCR cut. Not to be outdone, ICBC now goes even lower. Will this induce the main banks to move too?
14th Oct 25, 2:45pm
3
Bank of China makes the first broad fixed mortgage rate cuts since the October 8 OCR cut. Not to be outdone, ICBC now goes even lower. Will this induce the main banks to move too?
China's exports soar while US exports shrink; India inflation falls below target; Nobel Prize in economics 'proves' creative destruction long term benefits; UST 10yr at 4.07%; gold leaps again, oil little-changed; NZ$1 = 57.4 USc; TWI-5 = 61.9
14th Oct 25, 7:19am
39
China's exports soar while US exports shrink; India inflation falls below target; Nobel Prize in economics 'proves' creative destruction long term benefits; UST 10yr at 4.07%; gold leaps again, oil little-changed; NZ$1 = 57.4 USc; TWI-5 = 61.9
A review of things you need to know before you sign off on Monday; service sector stuck, migration low, tourism improves slowly, truckometer tame at best, farm listings low, for lease listings high, swaps hostage, NZD a bit firmer, & more
13th Oct 25, 3:59pm
18
A review of things you need to know before you sign off on Monday; service sector stuck, migration low, tourism improves slowly, truckometer tame at best, farm listings low, for lease listings high, swaps hostage, NZD a bit firmer, & more
US policy unnerves markets, tensions with China renewed; Canada grows more jobs than the US; Japanese politics stumbles; Aussie business soft ahead of jobs data; UST 10yr at 4.05%; gold recovers, oil lower; NZ$1 = 57.2 USc; TWI-5 = 61.8
13th Oct 25, 7:19am
11
US policy unnerves markets, tensions with China renewed; Canada grows more jobs than the US; Japanese politics stumbles; Aussie business soft ahead of jobs data; UST 10yr at 4.05%; gold recovers, oil lower; NZ$1 = 57.2 USc; TWI-5 = 61.8
Financial markets dive on latest Trump brain explosion; US federal layoffs start; Canada jobs jump; Japan politics gets messy; China fragile; UST 10yr at 4.06%; gold & silver fall back, oil dives; NZ$1 = 57.2 USc; TWI-5 = 65.1
11th Oct 25, 8:33am
26
Financial markets dive on latest Trump brain explosion; US federal layoffs start; Canada jobs jump; Japan politics gets messy; China fragile; UST 10yr at 4.06%; gold & silver fall back, oil dives; NZ$1 = 57.2 USc; TWI-5 = 65.1
A review of things you need to know before you sign off on Friday; Auckland rents soft on lower demand, PMI dull, housing stock values limp, asset sales on radar, livestock prices soar, Fonterra shares too, swaps hold, NZD weak, & more
10th Oct 25, 4:02pm
24
A review of things you need to know before you sign off on Friday; Auckland rents soft on lower demand, PMI dull, housing stock values limp, asset sales on radar, livestock prices soar, Fonterra shares too, swaps hold, NZD weak, & more
Update advisory: we explain why we are changing the way we track our currency's movements based on trade-weights. Our own TWI-5 is a different measure to the RBNZ's TWI-17. Both are approximations
10th Oct 25, 3:55pm
1
Update advisory: we explain why we are changing the way we track our currency's movements based on trade-weights. Our own TWI-5 is a different measure to the RBNZ's TWI-17. Both are approximations
America kneecapping itself; Japan machine tool orders impress; ditto Taiwan exports; China reports solid holiday activity; Aussie inflation expectations stay high; UST 10yr at 4.15%; gold and oil down; NZ$1 = 57.4 USc; TWI-5 = 65.2
10th Oct 25, 7:19am
30
America kneecapping itself; Japan machine tool orders impress; ditto Taiwan exports; China reports solid holiday activity; Aussie inflation expectations stay high; UST 10yr at 4.15%; gold and oil down; NZ$1 = 57.4 USc; TWI-5 = 65.2
[updated]
A review of things you need to know before you sign off on Thursday; OCR pass-through distorted, spring listing rush, hopeful glimmers in card activity, more savings, lower share of GDP, weak tax-take mirrors economy, swaps on hold, NZD recovers, & more
9th Oct 25, 3:59pm
29
A review of things you need to know before you sign off on Thursday; OCR pass-through distorted, spring listing rush, hopeful glimmers in card activity, more savings, lower share of GDP, weak tax-take mirrors economy, swaps on hold, NZD recovers, & more
American data weakens quite quickly but it is not holding back financial markets; Japan business sentiment up; Taiwan inflation down; China back from holiday; UST 10yr at 4.14%; gold and oil up; NZ$1 = 57.8 USc; TWI-5 = 65.4
9th Oct 25, 7:22am
36
American data weakens quite quickly but it is not holding back financial markets; Japan business sentiment up; Taiwan inflation down; China back from holiday; UST 10yr at 4.14%; gold and oil up; NZ$1 = 57.8 USc; TWI-5 = 65.4