David Chaston

The IMF supports a weaker yuan; Chinese data does too; Indonesia tariffs EU dairy products; US & Canada data weakens; Japan gets better growth; UST 10yr yield at 1.73%; oil up and gold down; NZ$1 = 64.7 USc; TWI-5 = 69.9

The IMF supports a weaker yuan; Chinese data does too; Indonesia tariffs EU dairy products; US & Canada data weakens; Japan gets better growth; UST 10yr yield at 1.73%; oil up and gold down; NZ$1 = 64.7 USc; TWI-5 = 69.9

ANZ leads the way with cuts to all its term deposit offers with most of the popular terms now well below 3%. The outlook is for more reductions and other banks following

ANZ leads the way with cuts to all its term deposit offers with most of the popular terms now well below 3%. The outlook is for more reductions and other banks following

US PPI lame, mortgage rates fall; Canada jobless rate rises; China's food prices jump, factory prices in deflation; Japan impresses; iron ore down further; UST 10yr 1.74%; oil up and gold down; NZ$1 = 64.7 USc; TWI-5 = 69.8

US PPI lame, mortgage rates fall; Canada jobless rate rises; China's food prices jump, factory prices in deflation; Japan impresses; iron ore down further; UST 10yr 1.74%; oil up and gold down; NZ$1 = 64.7 USc; TWI-5 = 69.8

New Zealand's largest home loan lender has reduced its one year fixed mortgage rate to just 3.69%, trimmed other fixed rates, and reduced all its term deposit rates

New Zealand's largest home loan lender has reduced its one year fixed mortgage rate to just 3.69%, trimmed other fixed rates, and reduced all its term deposit rates

A review of things you need to know before you go home on Friday; Heartland cuts TD rates, truckometer rises, migration stays high, DTI data coming, ASB goes to the well, swaps stable, NZD firms, & much more

A review of things you need to know before you go home on Friday; Heartland cuts TD rates, truckometer rises, migration stays high, DTI data coming, ASB goes to the well, swaps stable, NZD firms, & much more

US wholesale trade slips; China's trade rises along with surplus with the US; Wall Street cheers; airtravel growth rises; iron ore price enters bear market; UST 10yr yield at 1.73%; oil and gold up; NZ$1 = 64.9 USc; TWI-5 = 70

US wholesale trade slips; China's trade rises along with surplus with the US; Wall Street cheers; airtravel growth rises; iron ore price enters bear market; UST 10yr yield at 1.73%; oil and gold up; NZ$1 = 64.9 USc; TWI-5 = 70

A review of things you need to know before you go home on Thursday; only floating rate changes, few TD rate changes, lower Govt bond yields, Aussie insurers star in NZ, swaps sink further, NZD firms, & more

A review of things you need to know before you go home on Thursday; only floating rate changes, few TD rate changes, lower Govt bond yields, Aussie insurers star in NZ, swaps sink further, NZD firms, & more

David Chaston looks at the impact of the rate cuts announced by banks so far, and what will be required to pass through all of the RBNZ OCR cut. He sees returns to savers in the crosshairs of bank interest rate strategies

David Chaston looks at the impact of the rate cuts announced by banks so far, and what will be required to pass through all of the RBNZ OCR cut. He sees returns to savers in the crosshairs of bank interest rate strategies

More central banks cut; global airfreight shrinks again, Wall Street weaker; US consumer credit lower; iron ore price drops; UST 10yr yield at 1.69%; oil slumps, gold up; NZ$1 = 64.6 USc; TWI-5 = 69.7

More central banks cut; global airfreight shrinks again, Wall Street weaker; US consumer credit lower; iron ore price drops; UST 10yr yield at 1.69%; oil slumps, gold up; NZ$1 = 64.6 USc; TWI-5 = 69.7

A review of things you need to know before you go home on Wednesday; Orr shocks with -50 bps OCR cut, most major pass on almost all of it to floating rate, QV prices slip, dairy prices fall, swaps drop hard, NZD falls sharply, & more

A review of things you need to know before you go home on Wednesday; Orr shocks with -50 bps OCR cut, most major pass on almost all of it to floating rate, QV prices slip, dairy prices fall, swaps drop hard, NZD falls sharply, & more

ASB is first out of the blocks with a rate cut for floating home loans. A small fixed rate change as well. This is where we summarise the rate cuts from all banks

ASB is first out of the blocks with a rate cut for floating home loans. A small fixed rate change as well. This is where we summarise the rate cuts from all banks

Dairy prices retreat; Wall Street equities up but bond investors don't follow; US JOLTS weaker; China warns India; huge Aussie trade surplus; UST 10yr yield at 1.73%; oil down, gold up; NZ$1 = 65.2 USc; TWI-5 = 70.5

Dairy prices retreat; Wall Street equities up but bond investors don't follow; US JOLTS weaker; China warns India; huge Aussie trade surplus; UST 10yr yield at 1.73%; oil down, gold up; NZ$1 = 65.2 USc; TWI-5 = 70.5

A review of things you need to know before you go home on Tuesday; rate changes await the RBNZ, surprise fall in the jobless rate, rents up for battlers, car buying reluctance grows, swaps soft, NZD firm, & much more

A review of things you need to know before you go home on Tuesday; rate changes await the RBNZ, surprise fall in the jobless rate, rents up for battlers, car buying reluctance grows, swaps soft, NZD firm, & much more

The S&P500 down -3.4% in late trade; benchmark yields tumble; commodity prices drop; China lets the yuan slide; services data soft; UST 10yr yield at 1.74%; oil sinks, gold leaps; NZ$1 = 65.4 USc; TWI-5 = 70.7

The S&P500 down -3.4% in late trade; benchmark yields tumble; commodity prices drop; China lets the yuan slide; services data soft; UST 10yr yield at 1.74%; oil sinks, gold leaps; NZ$1 = 65.4 USc; TWI-5 = 70.7

A review of things you need to know before you go home on Monday; rates cut, new car sales soft, commodity prices under pressure, fear grips equity markets, swap rates sink, NZD retreats then recovers, & more

A review of things you need to know before you go home on Monday; rates cut, new car sales soft, commodity prices under pressure, fear grips equity markets, swap rates sink, NZD retreats then recovers, & more

Term deposit interest rates have fallen again with rate cuts from Kiwibank and Westpac ahead of Wednesday's Official Cash Rate review

Term deposit interest rates have fallen again with rate cuts from Kiwibank and Westpac ahead of Wednesday's Official Cash Rate review

Eyes on central banks; US jobs growth modest; US tariff action aggressive; markets recoil; China retaliates; Japan & Korea enmity grows; UST 10yr yield at 1.84%; oil low, gold leaps; NZ$1 = 65.3 USc; TWI-5 = 70.7

Eyes on central banks; US jobs growth modest; US tariff action aggressive; markets recoil; China retaliates; Japan & Korea enmity grows; UST 10yr yield at 1.84%; oil low, gold leaps; NZ$1 = 65.3 USc; TWI-5 = 70.7

The trade war between the US and China holds special risks for New Zealand and the year-long dive in bond yields can be traced back to investor fears of where this is all headed

The trade war between the US and China holds special risks for New Zealand and the year-long dive in bond yields can be traced back to investor fears of where this is all headed

SBS Bank makes a small trim to its key mortgage rate offers, taking two of them down to market-leading levels. However, the whole home loan market is awaiting an RBNZ rate cut and assessing the impact of sharp swap rate drops

SBS Bank makes a small trim to its key mortgage rate offers, taking two of them down to market-leading levels. However, the whole home loan market is awaiting an RBNZ rate cut and assessing the impact of sharp swap rate drops

US jobs growth modest, prior months revised down; equity markets tumble; China to retaliate over US tariffs; Japan & Korea dispute escalates; regulator defects; UST 10yr 1.84%; oil down and gold up; NZ$1 = 65.3 USc; TWI-5 = 70.7

US jobs growth modest, prior months revised down; equity markets tumble; China to retaliate over US tariffs; Japan & Korea dispute escalates; regulator defects; UST 10yr 1.84%; oil down and gold up; NZ$1 = 65.3 USc; TWI-5 = 70.7

A review of things you need to know before you go home on Friday; a floating rate drop, consumer confidence sags, Barfoot sales volumes up on lower prices, swaps dive, NZD holds, & more

A review of things you need to know before you go home on Friday; a floating rate drop, consumer confidence sags, Barfoot sales volumes up on lower prices, swaps dive, NZD holds, & more

Trump hits US importers of Chinese goods with new tariffs; Wall Street recoils in horror; US economy data weakens; China PMIs stable; BofE lowers growth forecasts; UST 10yr yield at 1.89%; oil slumps, gold leaps; NZ$1 = 65.6 USc; TWI-5 = 71.1

Trump hits US importers of Chinese goods with new tariffs; Wall Street recoils in horror; US economy data weakens; China PMIs stable; BofE lowers growth forecasts; UST 10yr yield at 1.89%; oil slumps, gold leaps; NZ$1 = 65.6 USc; TWI-5 = 71.1

A review of things you need to know before you go home on Thursday; no rate changes, retail sluggish, millennials as saver/investors, real estate activity slumps, dairy season starts well, swaps firm, NZD soft, & more

A review of things you need to know before you go home on Thursday; no rate changes, retail sluggish, millennials as saver/investors, real estate activity slumps, dairy season starts well, swaps firm, NZD soft, & more

Term deposit rates are falling and it looks like some key rates will go below 3% soon. We look at 'real' returns after tax, after inflation, and check how close to negative returns we are

Term deposit rates are falling and it looks like some key rates will go below 3% soon. We look at 'real' returns after tax, after inflation, and check how close to negative returns we are

Fed cuts as expected, ends bond sales early; US jobs expand modestly; Chicago PMI slumps; trade talks fizzle; China stresses grow, RCEP struggling, TPP stars; UST 10yr yield at 2.01%; oil unchanged, gold down; NZ$1 = 65.6 USc; TWI-5 = 71.2

Fed cuts as expected, ends bond sales early; US jobs expand modestly; Chicago PMI slumps; trade talks fizzle; China stresses grow, RCEP struggling, TPP stars; UST 10yr yield at 2.01%; oil unchanged, gold down; NZ$1 = 65.6 USc; TWI-5 = 71.2