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
[updated]
With BNZ now offering 3% for a six month term deposit, that embeds a much steeper term deposit rate curve and shines a light on just how steep it has become
39
With BNZ now offering 3% for a six month term deposit, that embeds a much steeper term deposit rate curve and shines a light on just how steep it has become
US retail momentum slows, productivity tanks; US cattle farmers retreat; Japanese machine tool orders dip; Aussie confidence diverges; OECD glum; UST 10yr 2.80%; gold and oil up; NZ$1 = 62.8 USc; TWI-5 = 71.2
41
US retail momentum slows, productivity tanks; US cattle farmers retreat; Japanese machine tool orders dip; Aussie confidence diverges; OECD glum; UST 10yr 2.80%; gold and oil up; NZ$1 = 62.8 USc; TWI-5 = 71.2
A review of things you need to know before you sign off on Tuesday; no retail changes, weak retail, traffic activity ok, recession avoided?, Orange remains, swaps retreat, NZD holds, & more
44
A review of things you need to know before you sign off on Tuesday; no retail changes, weak retail, traffic activity ok, recession avoided?, Orange remains, swaps retreat, NZD holds, & more
US inflation expectations ease; Congress passes Biden plan; China squeezes Taiwan hard; China battles wider pandemic spread; Norway hoards electricity; UST 10yr 2.77%; gold and oil up; NZ$1 = 62.9 USc; TWI-5 = 71.3
54
US inflation expectations ease; Congress passes Biden plan; China squeezes Taiwan hard; China battles wider pandemic spread; Norway hoards electricity; UST 10yr 2.77%; gold and oil up; NZ$1 = 62.9 USc; TWI-5 = 71.3
A review of things you need to know before you sign off on Monday; few retail rate changes, new-build costs jump, key inflation expectations ease, misery up, swaps up, NZD wavers, & more
57
A review of things you need to know before you sign off on Monday; few retail rate changes, new-build costs jump, key inflation expectations ease, misery up, swaps up, NZD wavers, & more
Global food prices fall; China exports rise on US demand; Japanese spending up; US jobs gains impress; India hikes +50 bps; UST 10yr 2.83%; gold and oil stable; NZ$1 = 62.4 USc; TWI-5 = 71
73
Global food prices fall; China exports rise on US demand; Japanese spending up; US jobs gains impress; India hikes +50 bps; UST 10yr 2.83%; gold and oil stable; NZ$1 = 62.4 USc; TWI-5 = 71
US jobs rise impresses; US consumers take on more debt; India hikes rates; Japan spending impresses; world food prices fall; UST 10yr 2.83%; gold down and oil stable; NZ$1 = 62.4 USc; TWI-5 = 71
104
US jobs rise impresses; US consumers take on more debt; India hikes rates; Japan spending impresses; world food prices fall; UST 10yr 2.83%; gold down and oil stable; NZ$1 = 62.4 USc; TWI-5 = 71
A review of things you need to know before you sign off on Friday; rate change impetus runs out of puff, weak new dwelling completions, strong EV prospects, PredictIt slapped, swaps flatter, NZD stable, & more
80
A review of things you need to know before you sign off on Friday; rate change impetus runs out of puff, weak new dwelling completions, strong EV prospects, PredictIt slapped, swaps flatter, NZD stable, & more
US labour markets stable, awaits non-farm payrolls report; US trade deficit narrows, Canada's trade surplus up, Australia's zooms higher; container shipping costs fall; UST 10yr 2.67%; gold up and oil down; NZ$1 = 63.1 USc; TWI-5 = 71.3
116
US labour markets stable, awaits non-farm payrolls report; US trade deficit narrows, Canada's trade surplus up, Australia's zooms higher; container shipping costs fall; UST 10yr 2.67%; gold up and oil down; NZ$1 = 63.1 USc; TWI-5 = 71.3
A review of things you need to know before you sign off on Thursday; many major mortgage rate cuts, a few TD rate rises, Com Com dumps on building supplies industry, job ads past peak, swaps rise, NZD firm, & more
47
A review of things you need to know before you sign off on Thursday; many major mortgage rate cuts, a few TD rate rises, Com Com dumps on building supplies industry, job ads past peak, swaps rise, NZD firm, & more
[updated]
More banks lower home loan interest rates, some sharply, and one also raised its term deposit offers. Market share defence in a quiet housing market is squeezing banks hard
46
More banks lower home loan interest rates, some sharply, and one also raised its term deposit offers. Market share defence in a quiet housing market is squeezing banks hard
US services data strong; China rises on services too; China rushes out new regional bank support; blockage of Taiwan to roil supply chains again; UST 10yr 2.73%; gold and oil lower; NZ$1 = 62.6 USc; TWI-5 = 71.1
98
US services data strong; China rises on services too; China rushes out new regional bank support; blockage of Taiwan to roil supply chains again; UST 10yr 2.73%; gold and oil lower; NZ$1 = 62.6 USc; TWI-5 = 71.1
A review of things you need to know before you sign off on Wednesday; jobless rate up from record low, car sales weak, dairy prices fall, commodity prices stable, swaps on hold, NZD little-changed, & more
45
A review of things you need to know before you sign off on Wednesday; jobless rate up from record low, car sales weak, dairy prices fall, commodity prices stable, swaps on hold, NZD little-changed, & more
Dairy prices fall again on low demand; US retail rises, US job openings fall; China releases fishing fleet into oceans; RBA raises rates, cuts growth forecast; UST 10yr 2.73%; gold stable and oil firm; NZ$1 = 62.7 USc; TWI-5 = 71.1
77
Dairy prices fall again on low demand; US retail rises, US job openings fall; China releases fishing fleet into oceans; RBA raises rates, cuts growth forecast; UST 10yr 2.73%; gold stable and oil firm; NZ$1 = 62.7 USc; TWI-5 = 71.1
Now ANZ joins the mortgage rate cuts as wholesale rates continue their retreat. These reductions by NZ's largest home loan lender come just two weeks before another expected RBNZ rate hike, but global markets are the driving force
33
Now ANZ joins the mortgage rate cuts as wholesale rates continue their retreat. These reductions by NZ's largest home loan lender come just two weeks before another expected RBNZ rate hike, but global markets are the driving force
A review of things you need to know before you sign off on Tuesday; small savings account rate rises, full borrowing rate rises, tough Auckland housing market, swaps slide, NZD firm, & more
20
A review of things you need to know before you sign off on Tuesday; small savings account rate rises, full borrowing rate rises, tough Auckland housing market, swaps slide, NZD firm, & more
Eyes on Taiwan and China's reaction; global factory activity falls; Evergrande takes a US$1 bln hit; Aussie house prices fall; eyes on RBA; UST 10yr 2.61%; gold firm and oil soft; NZ$1 = 63.3 USc; TWI-5 = 71.3
119
Eyes on Taiwan and China's reaction; global factory activity falls; Evergrande takes a US$1 bln hit; Aussie house prices fall; eyes on RBA; UST 10yr 2.61%; gold firm and oil soft; NZ$1 = 63.3 USc; TWI-5 = 71.3
A review of things you need to know before you sign off on Monday; Many retail rate changes but mostly minor, real estate market weak, banks face class actions, farmers grumpy, swaps stable, NZD firmish, & more
25
A review of things you need to know before you sign off on Monday; Many retail rate changes but mostly minor, real estate market weak, banks face class actions, farmers grumpy, swaps stable, NZD firmish, & more
As borrowers shift their sights to longer fixed terms, Kiwibank trims its one year rate to a very competitive level. In the background swap rates rose, then fell sharply over the past week or so
32
As borrowers shift their sights to longer fixed terms, Kiwibank trims its one year rate to a very competitive level. In the background swap rates rose, then fell sharply over the past week or so
China struggles with contracting factory activity; US income & spending rise; US mood stays sour; Australia PPI up but not excessively; UST 10yr 2.66%; gold firm and oil soft; NZ$1 = 62.9 USc; TWI-5 = 71.2
30
China struggles with contracting factory activity; US income & spending rise; US mood stays sour; Australia PPI up but not excessively; UST 10yr 2.66%; gold firm and oil soft; NZ$1 = 62.9 USc; TWI-5 = 71.2
US sentiment terrible despite positive data; global GDP reports generally positive; China focuses on stabilising; UST 10yr 2.66%; gold and oil up; NZ$1 = 62.8 USc; TWI-5 = 71.1
44
US sentiment terrible despite positive data; global GDP reports generally positive; China focuses on stabilising; UST 10yr 2.66%; gold and oil up; NZ$1 = 62.8 USc; TWI-5 = 71.1
A review of things you need to know before you sign off on Friday; few retail rate changes, weak consumer confidence, weak lending demand, strong rise in term deposit saving, swaps fall again, NZD firm, & more
35
A review of things you need to know before you sign off on Friday; few retail rate changes, weak consumer confidence, weak lending demand, strong rise in term deposit saving, swaps fall again, NZD firm, & more
US economy shrinks in Q2 despite tight labour markets; China meets to assess stumbling economy; German inflation stays high; Aussie retail staggers; UST 10yr 2.68%; gold up and oil flat; NZ$1 = 62.8 USc; TWI-5 = 71.2
88
US economy shrinks in Q2 despite tight labour markets; China meets to assess stumbling economy; German inflation stays high; Aussie retail staggers; UST 10yr 2.68%; gold up and oil flat; NZ$1 = 62.8 USc; TWI-5 = 71.2
There are still substantial interest rate advantages in holding New Zealand term deposits, compared to the 'safety' advantages of holding Australian term deposits. But Australian rates may be our future
15
There are still substantial interest rate advantages in holding New Zealand term deposits, compared to the 'safety' advantages of holding Australian term deposits. But Australian rates may be our future
A review of things you need to know before you sign off on Thursday; some significant retail rate changes, business confidence crashes, foreign buyers vanish, swaps fall, NZD holds, & more
48
A review of things you need to know before you sign off on Thursday; some significant retail rate changes, business confidence crashes, foreign buyers vanish, swaps fall, NZD holds, & more