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 data weak; US demographics in sudden shift; US budget bill deters investors; Japan holds rates; China oil demand set to reverse; German sentiment jumps; UST 10yr at 4.39%; gold holds and oil rises; NZ$1 = 60.2 USc; TWI-5 = 68.2
18th Jun 25, 7:25am
32
US data weak; US demographics in sudden shift; US budget bill deters investors; Japan holds rates; China oil demand set to reverse; German sentiment jumps; UST 10yr at 4.39%; gold holds and oil rises; NZ$1 = 60.2 USc; TWI-5 = 68.2
A review of things you need to know before you sign off on Tuesday; housing market weakens, home ownership level rises, inflation rises, farmers feeling better but still not buying tractors, swaps stable, NZD rises, & more
17th Jun 25, 3:59pm
22
A review of things you need to know before you sign off on Tuesday; housing market weakens, home ownership level rises, inflation rises, farmers feeling better but still not buying tractors, swaps stable, NZD rises, & more
G7 meets amid war and tariff turmoil; US data weak; Canadian housing strong; China data very mixed; Airbus wins early at Paris air show; UST 10yr at 4.46%; gold eases and oil stays high; NZ$1 = 60.7 USc; TWI-5 = 68.4
17th Jun 25, 7:21am
1
G7 meets amid war and tariff turmoil; US data weak; Canadian housing strong; China data very mixed; Airbus wins early at Paris air show; UST 10yr at 4.46%; gold eases and oil stays high; NZ$1 = 60.7 USc; TWI-5 = 68.4
A review of things you need to know before you sign off on Monday; TSB cuts home loan rates, service sector struggling, rent growth vanishes, paid parental leave rises, swaps stable, NZD stable, & more
16th Jun 25, 3:59pm
20
A review of things you need to know before you sign off on Monday; TSB cuts home loan rates, service sector struggling, rent growth vanishes, paid parental leave rises, swaps stable, NZD stable, & more
We look at the weakening bank appetite to lend for business purposes and find that after the scrum got screwed by Basel III, the desire cooled, and post pandemic two major banks quietly pulled back much further on supporting the business sector
16th Jun 25, 1:47pm
1
We look at the weakening bank appetite to lend for business purposes and find that after the scrum got screwed by Basel III, the desire cooled, and post pandemic two major banks quietly pulled back much further on supporting the business sector
Wars and large protests a backdrop to much upcoming data and policy decisions this week; trade sags; factory activity remains surprisingly resilient; UST 10yr at 4.41%; gold and oil jump; NZ$1 = 60.3 USc; TWI-5 = 68.1
16th Jun 25, 7:19am
16
Wars and large protests a backdrop to much upcoming data and policy decisions this week; trade sags; factory activity remains surprisingly resilient; UST 10yr at 4.41%; gold and oil jump; NZ$1 = 60.3 USc; TWI-5 = 68.1
Australian banks are moving to upgrade proprietary channels for mortgage generation at the expense of brokers. Expect more direct digital campaigns. Rate transparency is key to this shift
14th Jun 25, 9:10am
1
Australian banks are moving to upgrade proprietary channels for mortgage generation at the expense of brokers. Expect more direct digital campaigns. Rate transparency is key to this shift
Hot war breaks out in the Middle East; US trade retreats; Canadians rush car buying; China new loan demand weak; India plane crash echoes awaited; UST 10yr at 4.41%; gold and oil jump; NZ$1 = 60.3 USc; TWI-5 = 68.1
14th Jun 25, 8:28am
7
Hot war breaks out in the Middle East; US trade retreats; Canadians rush car buying; China new loan demand weak; India plane crash echoes awaited; UST 10yr at 4.41%; gold and oil jump; NZ$1 = 60.3 USc; TWI-5 = 68.1
A review of things you need to know before you sign off on Friday; war spread hits most markets, some new low home loan rates, PMI drops hard, gold jumps, bitcoin drops, oil leaps, swaps softish, NZD holds, & more
13th Jun 25, 3:59pm
14
A review of things you need to know before you sign off on Friday; war spread hits most markets, some new low home loan rates, PMI drops hard, gold jumps, bitcoin drops, oil leaps, swaps softish, NZD holds, & more
US businesses, CBO, investors and Fed push back against Trump; India's inflation falls; Aussie inflation expectations jump; UST 10yr at 4.36%; gold and oil rises; NZ$1 = 60.6 USc; TWI-5 = 68.3
13th Jun 25, 7:25am
20
US businesses, CBO, investors and Fed push back against Trump; India's inflation falls; Aussie inflation expectations jump; UST 10yr at 4.36%; gold and oil rises; NZ$1 = 60.6 USc; TWI-5 = 68.3
A review of things you need to know before you sign off on Thursday; more home loan and TD rate cuts, retail still in doldrums, council rates rise fast again, bond tenders popular, swaps stable, NZD eases slightly, & more
12th Jun 25, 3:59pm
31
A review of things you need to know before you sign off on Thursday; more home loan and TD rate cuts, retail still in doldrums, council rates rise fast again, bond tenders popular, swaps stable, NZD eases slightly, & more
US & China reach shaky trade deal; US CPI inflation holds; US Treasury bond auction getts less demand; China vehicle sales very strong; UST 10yr at 4.42%; gold holds and oil rises; NZ$1 = 60.4 USc; TWI-5 = 68.3
12th Jun 25, 7:26am
15
US & China reach shaky trade deal; US CPI inflation holds; US Treasury bond auction getts less demand; China vehicle sales very strong; UST 10yr at 4.42%; gold holds and oil rises; NZ$1 = 60.4 USc; TWI-5 = 68.3
[updated]
A review of things you need to know before you sign off on Wednesday; TD rates trimmed, 'ins' equal 'outs' at the border, SMP price hit, cash still being used widely, FRT on the way, swaps stable, NZD stable, & more
11th Jun 25, 3:59pm
9
A review of things you need to know before you sign off on Wednesday; TD rates trimmed, 'ins' equal 'outs' at the border, SMP price hit, cash still being used widely, FRT on the way, swaps stable, NZD stable, & more
World Bank sees trade sag; US data average; Japanese machine tool orders rise on exports; worries spread for Chinese carmakers; Aussie sentiment mixed; UST 10yr at 4.47%; gold dips and oil holds; NZ$1 = 60.4 USc; TWI-5 = 68.4
11th Jun 25, 7:19am
30
World Bank sees trade sag; US data average; Japanese machine tool orders rise on exports; worries spread for Chinese carmakers; Aussie sentiment mixed; UST 10yr at 4.47%; gold dips and oil holds; NZ$1 = 60.4 USc; TWI-5 = 68.4
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
26
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
24
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