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
With loan demand softer than customer deposit growth, banks are now less likely to press for more customer funding. BNZ eases back on some above-rival term deposit rates
4th Jul 24, 10:02am
3
With loan demand softer than customer deposit growth, banks are now less likely to press for more customer funding. BNZ eases back on some above-rival term deposit rates
US data largely positive except for an outlier PMI; India spurts ahead; China and Japan services data soft; Aussie data mixed; UST 10yr 4.36%; gold up and oil oil unchanged; NZ$1 = 61 USc; TWI-5 = 70.4
4th Jul 24, 7:20am
59
US data largely positive except for an outlier PMI; India spurts ahead; China and Japan services data soft; Aussie data mixed; UST 10yr 4.36%; gold up and oil oil unchanged; NZ$1 = 61 USc; TWI-5 = 70.4
A review of things you need to know before you sign off on Wednesday; June retail weak in early reports, dairy prices drop, glut of houses for sale, commodity prices rise, swaps meaner, NZD firmish, & more
3rd Jul 24, 3:59pm
90
A review of things you need to know before you sign off on Wednesday; June retail weak in early reports, dairy prices drop, glut of houses for sale, commodity prices rise, swaps meaner, NZD firmish, & more
Dairy prices nosedive; US data quite positive; China housing woes deepen; inflation low in South Korea & EU; RBA minutes leave rate hike on table; UST 10yr 4.43%; gold and oil soft; NZ$1 = 60.7 USc; TWI-5 = 70.3
3rd Jul 24, 7:18am
72
Dairy prices nosedive; US data quite positive; China housing woes deepen; inflation low in South Korea & EU; RBA minutes leave rate hike on table; UST 10yr 4.43%; gold and oil soft; NZ$1 = 60.7 USc; TWI-5 = 70.3
A review of things you need to know before you sign off on Tuesday; a river of bad data and bad news, eyes on dairy auction, livestock farmers may have to wait till 2026 for better returns, swaps firm, NZD weak, & more
2nd Jul 24, 3:59pm
115
A review of things you need to know before you sign off on Tuesday; a river of bad data and bad news, eyes on dairy auction, livestock farmers may have to wait till 2026 for better returns, swaps firm, NZD weak, & more
US PMIs give mixed signals; China PMIs rise; China to buy its own bonds to stabilise drooping yields; German inflation eases; Aussie house prices rise; UST 10yr 4.48%; gold and oil up; NZ$1 = 60.8 USc; TWI-5 = 70.3
2nd Jul 24, 7:19am
78
US PMIs give mixed signals; China PMIs rise; China to buy its own bonds to stabilise drooping yields; German inflation eases; Aussie house prices rise; UST 10yr 4.48%; gold and oil up; NZ$1 = 60.8 USc; TWI-5 = 70.3
A review of things you need to know before you sign off on Monday; filled jobs stop rising, car sales slump, Tesla wins local big battery contract, log prices rise, SFO gets ringleader, swaps hold, NZD holds, & more
1st Jul 24, 3:59pm
39
A review of things you need to know before you sign off on Monday; filled jobs stop rising, car sales slump, Tesla wins local big battery contract, log prices rise, SFO gets ringleader, swaps hold, NZD holds, & more
China PMIs weaken; US PCE inflation unchanged; US housing weakens; far-right makes gains in France; freight rates rise again; UST 10yr 4.39%; gold up and oil little-changed; NZ$1 = 60.9 USc; TWI-5 = 70.5
1st Jul 24, 7:20am
63
China PMIs weaken; US PCE inflation unchanged; US housing weakens; far-right makes gains in France; freight rates rise again; UST 10yr 4.39%; gold up and oil little-changed; NZ$1 = 60.9 USc; TWI-5 = 70.5
The home loan market may not be growing much but it is becoming more competitive as borrowers change banks more often when they roll over their fixed rate contracts
29th Jun 24, 10:16am
8
The home loan market may not be growing much but it is becoming more competitive as borrowers change banks more often when they roll over their fixed rate contracts
US PCE inflation eases, other data mixed; Japan's industrial production rises; EU inflation expectations fall; container freight rates rise; UST 10yr 4.34%; gold up and oil little-changed; NZ$1 = 61 USc; TWI-5 = 70.5
29th Jun 24, 8:25am
95
US PCE inflation eases, other data mixed; Japan's industrial production rises; EU inflation expectations fall; container freight rates rise; UST 10yr 4.34%; gold up and oil little-changed; NZ$1 = 61 USc; TWI-5 = 70.5
A review of things you need to know before you sign off on Thursday; Westpac nudges home loan rates, consumer & business sentiment low, progress on inflation, home loan borrowers switch more, swaps firm, NZD soft, & more
27th Jun 24, 3:59pm
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A review of things you need to know before you sign off on Thursday; Westpac nudges home loan rates, consumer & business sentiment low, progress on inflation, home loan borrowers switch more, swaps firm, NZD soft, & more
As the economy stumbles, it is vital that reporting on what is happening stays comprehensive, open and free. We need our Supporters now more than ever. If you can support us you can go ad-free too
27th Jun 24, 1:52pm
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As the economy stumbles, it is vital that reporting on what is happening stays comprehensive, open and free. We need our Supporters now more than ever. If you can support us you can go ad-free too
US new house sales weak; Japanese yen falls further; Indian rupee unusually stable; China lets yuan slip; Aussie CPI surprises with rise; food price signals sanguine; UST 10yr 4.32%; gold down and oil unchanged; NZ$1 = 60.8 USc; TWI-5 = 70.5
27th Jun 24, 7:18am
95
US new house sales weak; Japanese yen falls further; Indian rupee unusually stable; China lets yuan slip; Aussie CPI surprises with rise; food price signals sanguine; UST 10yr 4.32%; gold down and oil unchanged; NZ$1 = 60.8 USc; TWI-5 = 70.5
Westpac's latest mortgage rate adjustments bring their higher rates down into line with their main rivals. We ask readers to record the below-card offers they get on their banking apps so others can know where real savings can be won
26th Jun 24, 6:00pm
26
Westpac's latest mortgage rate adjustments bring their higher rates down into line with their main rivals. We ask readers to record the below-card offers they get on their banking apps so others can know where real savings can be won
[updated]
A review of things you need to know before you sign off on Wednesday; retail rate-change drought extends, power consumers do it tough, Parliament eyes banking inquiry, Aussie CPI surprises, swaps up, NZD stable, & more
26th Jun 24, 3:59pm
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A review of things you need to know before you sign off on Wednesday; retail rate-change drought extends, power consumers do it tough, Parliament eyes banking inquiry, Aussie CPI surprises, swaps up, NZD stable, & more
May data in US ok, but June data eases; Canada CPI doesn't fall as expected; South Korea sentiment rises, stays low in Australia; UST 10yr 4.23%; gold and oil down; NZ$1 = 61.2 USc; TWI-5 = 70.8
26th Jun 24, 7:19am
102
May data in US ok, but June data eases; Canada CPI doesn't fall as expected; South Korea sentiment rises, stays low in Australia; UST 10yr 4.23%; gold and oil down; NZ$1 = 61.2 USc; TWI-5 = 70.8
A review of things you need to know before you sign off on Tuesday; job market confidence drops hard, surge in older migrants getting residency, job ads fall, power price concerns rise, swaps & NZD unchanged
25th Jun 24, 3:59pm
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A review of things you need to know before you sign off on Tuesday; job market confidence drops hard, surge in older migrants getting residency, job ads fall, power price concerns rise, swaps & NZD unchanged
Eyes on non-bank systemic risks; China plans large financial rescue capability; Taiwan industrial production jumps; lithium price falls; bitcoin drops; UST 10yr 4.26%; gold and oil rise; NZ$1 = 61.2 USc; TWI-5 = 70.8
25th Jun 24, 7:20am
22
Eyes on non-bank systemic risks; China plans large financial rescue capability; Taiwan industrial production jumps; lithium price falls; bitcoin drops; UST 10yr 4.26%; gold and oil rise; NZ$1 = 61.2 USc; TWI-5 = 70.8
A review of things you need to know before you sign off on Monday; no retail rate changes, home loan (un)affordability stable, record-high exports, eyes on grocery prices, swaps and NZD on hold, & more
24th Jun 24, 3:59pm
97
A review of things you need to know before you sign off on Monday; no retail rate changes, home loan (un)affordability stable, record-high exports, eyes on grocery prices, swaps and NZD on hold, & more
Investment retreats in China confirm tough outlook; Japan and India make gains; US PMIs rise while their housing market stays stunted; UST 10yr 4.26%; gold and oil hold; NZ$1 = 61.2 USc; TWI-5 = 70.9
24th Jun 24, 7:19am
104
Investment retreats in China confirm tough outlook; Japan and India make gains; US PMIs rise while their housing market stays stunted; UST 10yr 4.26%; gold and oil hold; NZ$1 = 61.2 USc; TWI-5 = 70.9
US PMIs rise but home sales fall; Japanese PMIs mixed; India PMIs strong; China FDI inflows stop; China property defaults head to liquidations; UST 10yr 4.26%; gold and oil down; NZ$1 = 61.2 USc; TWI-5 = 70.9
22nd Jun 24, 8:59am
71
US PMIs rise but home sales fall; Japanese PMIs mixed; India PMIs strong; China FDI inflows stop; China property defaults head to liquidations; UST 10yr 4.26%; gold and oil down; NZ$1 = 61.2 USc; TWI-5 = 70.9
A review of things you need to know before you sign off on Friday; Foodstuff merger decision delayed again, directors banned, personal loans securitised, thoughts on our foreign loans, swaps firm, NZD unchanged, & more
21st Jun 24, 3:59pm
41
A review of things you need to know before you sign off on Friday; Foodstuff merger decision delayed again, directors banned, personal loans securitised, thoughts on our foreign loans, swaps firm, NZD unchanged, & more
US data mixed but third-tier; excessive heat spreads to the US and Europe; Taiwan export orders high; SNB cuts; BofE holds; freight rates rise sharply again; UST 10yr 4.26%; gold and oil up; NZ$1 = 61.2 USc; TWI-5 = 70.7
21st Jun 24, 7:19am
111
US data mixed but third-tier; excessive heat spreads to the US and Europe; Taiwan export orders high; SNB cuts; BofE holds; freight rates rise sharply again; UST 10yr 4.26%; gold and oil up; NZ$1 = 61.2 USc; TWI-5 = 70.7
[updated]
A review of things you need to know before you sign off on Thursday; no retail rate changes, no growth, slowing house building, modest NZGB demand, all about RCS, swaps firm, NZD unchanged, & more
20th Jun 24, 3:59pm
86
A review of things you need to know before you sign off on Thursday; no retail rate changes, no growth, slowing house building, modest NZGB demand, all about RCS, swaps firm, NZD unchanged, & more
US on holiday; huge Japanese bank faces huge bond losses; heat debilitates Middle East to India; China to reform monetary policy; RBA to target BNPL; UST 10yr 4.23%; gold and oil unchanged; NZ$1 = 61.3 USc; TWI-5 = 70.7
20th Jun 24, 7:19am
99
US on holiday; huge Japanese bank faces huge bond losses; heat debilitates Middle East to India; China to reform monetary policy; RBA to target BNPL; UST 10yr 4.23%; gold and oil unchanged; NZ$1 = 61.3 USc; TWI-5 = 70.7