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
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
[updated]
A review of things you need to know before you sign off on Wednesday; more retail rate cuts, Barfoot prices lower, dairy prices lower, new population projections, more vehicle securitisations, swaps stable, NZD holds, & more
4th Jun 25, 3:59pm
34
A review of things you need to know before you sign off on Wednesday; more retail rate cuts, Barfoot prices lower, dairy prices lower, new population projections, more vehicle securitisations, swaps stable, NZD holds, & more
Dairy prices slip; US data underwhelms; Korea elects opposition candidate; China factories slow; EU inflation low; OECD sees lower growth; modest AU minimum wage rise; UST 10yr at 4.46%; gold down and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.1
4th Jun 25, 7:19am
24
Dairy prices slip; US data underwhelms; Korea elects opposition candidate; China factories slow; EU inflation low; OECD sees lower growth; modest AU minimum wage rise; UST 10yr at 4.46%; gold down and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.1
[updated]
Our largest home loan lender shores up its rate position as challengers, including some of its main rivals, shift to lower positions in a tightly competitive market. ASB responds with its own timid changes
3rd Jun 25, 5:06pm
3
Our largest home loan lender shores up its rate position as challengers, including some of its main rivals, shift to lower positions in a tightly competitive market. ASB responds with its own timid changes
[updated]
A review of things you need to know before you sign off on Tuesday; OCR rate cuts flow through, terms of trade high, housing market overstocked, meat prices rise, Stuff mirrors NZME, swaps stable. NZD firmish, & more
3rd Jun 25, 4:00pm
15
A review of things you need to know before you sign off on Tuesday; OCR rate cuts flow through, terms of trade high, housing market overstocked, meat prices rise, Stuff mirrors NZME, swaps stable. NZD firmish, & more
US PMIs contract as inflation rises; elsewhere PMIs contract as inflation falls; China deficit surges; US consumer mood reacts to tariff changes; Aussie job ads decline; UST 10yr at 4.46%; gold and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2
3rd Jun 25, 7:19am
26
US PMIs contract as inflation rises; elsewhere PMIs contract as inflation falls; China deficit surges; US consumer mood reacts to tariff changes; Aussie job ads decline; UST 10yr at 4.46%; gold and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2
US data downbeat; Trump can't understand why China won't roll over; Canada and India GDP expands; Koreans vote early; Aussie retail dips; UST 10yr at 4.40%; gold and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.9
31st May 25, 8:47am
33
US data downbeat; Trump can't understand why China won't roll over; Canada and India GDP expands; Koreans vote early; Aussie retail dips; UST 10yr at 4.40%; gold and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.9
A review of things you need to know before you sign off on Friday; virtually no retail rate change activity, housing metrics weak, consumer sentiment weak, households keep their cash ready, swaps retreat, NZD firms, & more
30th May 25, 3:59pm
18
A review of things you need to know before you sign off on Friday; virtually no retail rate change activity, housing metrics weak, consumer sentiment weak, households keep their cash ready, swaps retreat, NZD firms, & more