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
A review of things you need to know before you go home on Thursday; RBNZ cuts -25 bps, banks respond variously led by ANZ, Youi charged by Commerce Commission, food cheaper, swap rates rise, as does NZD
11th Aug 16, 4:01pm
4
A review of things you need to know before you go home on Thursday; RBNZ cuts -25 bps, banks respond variously led by ANZ, Youi charged by Commerce Commission, food cheaper, swap rates rise, as does NZD
New Zealand's largest bank reveals its new higher term deposit rates and we record the rate benchmarks before their rivals announce their positions
11th Aug 16, 2:24pm
1
New Zealand's largest bank reveals its new higher term deposit rates and we record the rate benchmarks before their rivals announce their positions
US job openings rise, layoff fall; US deficit on track; Fitch raises NZ growth forecast; Stevens says low rates can't fix growth; UST 10yr yield at 1.52%; NZ CDS spreads fall; oil slips, gold up; NZ$1 = 72.3 US¢, TWI-5 = 75.2
11th Aug 16, 7:15am
7
US job openings rise, layoff fall; US deficit on track; Fitch raises NZ growth forecast; Stevens says low rates can't fix growth; UST 10yr yield at 1.52%; NZ CDS spreads fall; oil slips, gold up; NZ$1 = 72.3 US¢, TWI-5 = 75.2
A review of things you need to know before you go home on Wednesday; winter house sales volumes, summer house prices, ASB books 6th record profit, tourism still booming, NZ's reputation high, swaps fall & flatten, NZD up
10th Aug 16, 3:59pm
14
A review of things you need to know before you go home on Wednesday; winter house sales volumes, summer house prices, ASB books 6th record profit, tourism still booming, NZ's reputation high, swaps fall & flatten, NZD up
US foreclosures at record low; wholesale trade bounces; US productivity weak; China inflation eases, car sales zoom; ASIC finds ugly IB ethics; UST 10yr yield at 1.58%; oil slips, gold up; NZ$1 = 71.6 US¢, TWI-5 = 74.8
10th Aug 16, 7:37am
8
US foreclosures at record low; wholesale trade bounces; US productivity weak; China inflation eases, car sales zoom; ASIC finds ugly IB ethics; UST 10yr yield at 1.58%; oil slips, gold up; NZ$1 = 71.6 US¢, TWI-5 = 74.8
A review of things you need to know before you go home on Tuesday; waiting for Wheeler, happy with lower prices, heavy truck problem, smaller public service, ANZ Group makes A$5.2 bln, swaps fall and flatten
9th Aug 16, 3:59pm
4
A review of things you need to know before you go home on Tuesday; waiting for Wheeler, happy with lower prices, heavy truck problem, smaller public service, ANZ Group makes A$5.2 bln, swaps fall and flatten
US LMCI rises; negative rates drive saving; EBA wants to set 3% leverage minimum; AU's Chinese spying risk; CBA set to report AU$9.5 bln profit; UST 10yr yield at 1.58%; oil up, gold down; NZ$1 = 71.4 US¢, TWI-5 = 74.8
9th Aug 16, 7:38am
19
US LMCI rises; negative rates drive saving; EBA wants to set 3% leverage minimum; AU's Chinese spying risk; CBA set to report AU$9.5 bln profit; UST 10yr yield at 1.58%; oil up, gold down; NZ$1 = 71.4 US¢, TWI-5 = 74.8
David Chaston says regulation of bank capital levels is in a sorry state when commentators call for banks to grow their margins out of RBNZ OCR cuts
8th Aug 16, 4:02pm
31
David Chaston says regulation of bank capital levels is in a sorry state when commentators call for banks to grow their margins out of RBNZ OCR cuts
A review of things you need to know before you go home on Monday; construction frenzy, big syndication, APRA presses, equities up, China trade down, swap rates up, NZD down
8th Aug 16, 3:59pm
3
A review of things you need to know before you go home on Monday; construction frenzy, big syndication, APRA presses, equities up, China trade down, swap rates up, NZD down
It is not home owners who suffer when banks divert OCR cuts to protect their profit margins, it is small business and farmers who pay the costs. We describe bank funding motivations
8th Aug 16, 9:48am
26
It is not home owners who suffer when banks divert OCR cuts to protect their profit margins, it is small business and farmers who pay the costs. We describe bank funding motivations
US labour market strong; US consumer credit demand mellows; PwC faces US$1 bln lawsuit; 'Panama Papers' enquiry in disarray; UST 10yr yield at 1.59%; oil unchanged, gold sinks; NZ$1 = 71.4 US¢, TWI-5 = 74.7
8th Aug 16, 7:11am
10
US labour market strong; US consumer credit demand mellows; PwC faces US$1 bln lawsuit; 'Panama Papers' enquiry in disarray; UST 10yr yield at 1.59%; oil unchanged, gold sinks; NZ$1 = 71.4 US¢, TWI-5 = 74.7
A review of things you need to know before you go home on Friday; RBA signals more cuts, unexpected early Vancouver tax impact, Bridgecorp echo, 4% bond, LendMe loss, swap rates dip again
5th Aug 16, 3:59pm
19
A review of things you need to know before you go home on Friday; RBA signals more cuts, unexpected early Vancouver tax impact, Bridgecorp echo, 4% bond, LendMe loss, swap rates dip again
US jobless claims rise; Aussie banks challenged; China launches CDS swaps; EU imposes anti-dumping duties; England cuts rates; UST 10yr yield at 1.50%; oil and gold higher; NZ$1 = 71.8 US¢, TWI-5 = 75
5th Aug 16, 7:24am
15
US jobless claims rise; Aussie banks challenged; China launches CDS swaps; EU imposes anti-dumping duties; England cuts rates; UST 10yr yield at 1.50%; oil and gold higher; NZ$1 = 71.8 US¢, TWI-5 = 75
A review of things you need to know before you go home on Thursday; Resimac tweaks, rent rises pause, car sales dip, Aussie retail growth stalls, Westpac's co-cos underwhelm, WMP prices up, 2yr swaps threaten 2%
4th Aug 16, 3:59pm
2
A review of things you need to know before you go home on Thursday; Resimac tweaks, rent rises pause, car sales dip, Aussie retail growth stalls, Westpac's co-cos underwhelm, WMP prices up, 2yr swaps threaten 2%
US jobs growth solid; China signals rate cuts; India to adopt a GST; airfreight volumes rise strongly; UST 10yr yield at 1.56%; NZ sovereign CDS spreads sink; oil up +3%, gold lower; NZ$1 = 71.4 US¢, TWI-5 = 74.6
4th Aug 16, 7:31am
7
US jobs growth solid; China signals rate cuts; India to adopt a GST; airfreight volumes rise strongly; UST 10yr yield at 1.56%; NZ sovereign CDS spreads sink; oil up +3%, gold lower; NZ$1 = 71.4 US¢, TWI-5 = 74.6
A review of things you need to know before you go home on Wednesday; more rate changes, dairy prices rise, house prices drop, commodity prices undermined, jobs grow strongly, car sales up, bank CEOs lashed for rate holdbacks
3rd Aug 16, 3:59pm
6
A review of things you need to know before you go home on Wednesday; more rate changes, dairy prices rise, house prices drop, commodity prices undermined, jobs grow strongly, car sales up, bank CEOs lashed for rate holdbacks
Dairy prices jump +6.6%, WMP up even more; RBA cuts to 1.5% but banks won't pass it all on; US consumer spending up; Japan oks stimulus plan; UST 10yr yield at 1.54%; oil under US$40, gold higher; NZ$1 = 72.3 US¢, TWI-5 = 75.3
3rd Aug 16, 7:24am
11
Dairy prices jump +6.6%, WMP up even more; RBA cuts to 1.5% but banks won't pass it all on; US consumer spending up; Japan oks stimulus plan; UST 10yr yield at 1.54%; oil under US$40, gold higher; NZ$1 = 72.3 US¢, TWI-5 = 75.3
A review of things you need to know before you go home on Tuesday; BNZ raises mortgage rates, house prices rise faster, dairy farmers cut costs, big new road project, inflation expectations unchanged, RBA cuts to 1.50%
2nd Aug 16, 3:59pm
7
A review of things you need to know before you go home on Tuesday; BNZ raises mortgage rates, house prices rise faster, dairy farmers cut costs, big new road project, inflation expectations unchanged, RBA cuts to 1.50%
Despite record low wholesale rates, BNZ announces increases in two of its key fixed mortgage rates, moving up to levels adopted by its main rivals
2nd Aug 16, 11:30am
3
Despite record low wholesale rates, BNZ announces increases in two of its key fixed mortgage rates, moving up to levels adopted by its main rivals
China sends conflicting signals; US factories upbeat; iron ore prices rise; US corporate defaults rise; AU house sales boom; UST 10yr yield at 1.49%; oil down, gold unchanged; NZ$1 = 71.9 US¢, TWI-5 = 75.3
2nd Aug 16, 7:24am
20
China sends conflicting signals; US factories upbeat; iron ore prices rise; US corporate defaults rise; AU house sales boom; UST 10yr yield at 1.49%; oil down, gold unchanged; NZ$1 = 71.9 US¢, TWI-5 = 75.3
A review of things you need to know before you go home on Monday; Kiwibank cuts 3yr rate, Moody's says NZ banks stable, a new lobbyist, Fonterra signals better earnings, Harmoney to plead guilty, swaps fall, NZD rises
1st Aug 16, 3:59pm
7
A review of things you need to know before you go home on Monday; Kiwibank cuts 3yr rate, Moody's says NZ banks stable, a new lobbyist, Fonterra signals better earnings, Harmoney to plead guilty, swaps fall, NZD rises
State-owned bank surprises mortgage market with an off-season market leading three year rate, as wholesale rates hit record lows
1st Aug 16, 9:26am
10
State-owned bank surprises mortgage market with an off-season market leading three year rate, as wholesale rates hit record lows
Q2 US GDP weak; US consumers positive; ECB stress tests clear; no Japan double dose; Facebook's tax affairs in court; Steve Keen goes darker; UST 10yr yield at 1.45%; oil unchanged, gold higher; NZ$1 = 72.1 US¢, TWI-5 = 75.3
1st Aug 16, 7:27am
3
Q2 US GDP weak; US consumers positive; ECB stress tests clear; no Japan double dose; Facebook's tax affairs in court; Steve Keen goes darker; UST 10yr yield at 1.45%; oil unchanged, gold higher; NZ$1 = 72.1 US¢, TWI-5 = 75.3
A review of things you need to know before you go home on Friday; strong building consents, big leaky building case, business confidence eases, record debt levels, record credit levels, swap rates fall, NZD up
29th Jul 16, 4:00pm
3
A review of things you need to know before you go home on Friday; strong building consents, big leaky building case, business confidence eases, record debt levels, record credit levels, swap rates fall, NZD up
'Going up' is not giving Auckland more affordable housing any more. In fact, most 2016 projects are for large and expensive apartments as capacity constraints shift resources
29th Jul 16, 2:08pm
52
'Going up' is not giving Auckland more affordable housing any more. In fact, most 2016 projects are for large and expensive apartments as capacity constraints shift resources