David Chaston

An IMF review of New Zealand's lagging productivity finds sharp weaknesses in public investment, private innovation, and the options for funding innovation in sectors that could drive improvements

An IMF review of New Zealand's lagging productivity finds sharp weaknesses in public investment, private innovation, and the options for funding innovation in sectors that could drive improvements

Mortgage rates are still inching lower, even as wholesale rates are inching higher. Savers face lower TD rate offers just as deposit takers face new fees for the Depositor Compensation Scheme. It's not a great time to be a saver

Mortgage rates are still inching lower, even as wholesale rates are inching higher. Savers face lower TD rate offers just as deposit takers face new fees for the Depositor Compensation Scheme. It's not a great time to be a saver

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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