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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
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2023 was good for savers and investors; inflation pressures easing quickly, US debt pressure belie critics doom scenarios; UST 10yr 3.88%; gold and oil lower; NZ$1 = 63.4 USc; TWI-5 = 71.1
30th Dec 23, 8:57am
57
2023 was good for savers and investors; inflation pressures easing quickly, US debt pressure belie critics doom scenarios; UST 10yr 3.88%; gold and oil lower; NZ$1 = 63.4 USc; TWI-5 = 71.1
US data stable but equity markets at all-time highs; Japanese retail rises; China girds against deflation; eyes on Aussie bank CEO change; UST 10yr 3.85%; gold and oil down; NZ$1 = 63.4 USc; TWI-5 = 71.1
29th Dec 23, 9:03am
31
US data stable but equity markets at all-time highs; Japanese retail rises; China girds against deflation; eyes on Aussie bank CEO change; UST 10yr 3.85%; gold and oil down; NZ$1 = 63.4 USc; TWI-5 = 71.1
Good US retail fuels markets; Japan getting inflation the BofJ wants; China factory profits recover; Australia in clover as iron ore price rises; UST 10yr 3.79%; gold up and oil down; NZ$1 = 63.4 USc; TWI-5 = 71.1
28th Dec 23, 9:00am
13
Good US retail fuels markets; Japan getting inflation the BofJ wants; China factory profits recover; Australia in clover as iron ore price rises; UST 10yr 3.79%; gold up and oil down; NZ$1 = 63.4 USc; TWI-5 = 71.1
Eyes on China's growth prospects; Taiwan and Singapore deliver positive data; lithium retreats but iron ore gains; UST 10yr 3.89%; gold and oil up; NZ$1 = 63.2 USc; TWI-5 = 71
27th Dec 23, 8:49am
22
Eyes on China's growth prospects; Taiwan and Singapore deliver positive data; lithium retreats but iron ore gains; UST 10yr 3.89%; gold and oil up; NZ$1 = 63.2 USc; TWI-5 = 71
US PCE sends positive signals; US durable goods orders jump; Japan's inflation rate eases; Chine cuts TD rates; weaker Aussie loan growth; UST 10yr 3.91%; gold up and oil firms slightly; NZ$1 = 63 USc; TWI-5 = 70.9
23rd Dec 23, 8:55am
42
US PCE sends positive signals; US durable goods orders jump; Japan's inflation rate eases; Chine cuts TD rates; weaker Aussie loan growth; UST 10yr 3.91%; gold up and oil firms slightly; NZ$1 = 63 USc; TWI-5 = 70.9
The final week of residential auctions was busier than is usual for the week before Christmas, but the sales rate stayed low as did the prices achieved
23rd Dec 23, 6:00am
59
The final week of residential auctions was busier than is usual for the week before Christmas, but the sales rate stayed low as did the prices achieved
US resilience endures; China FDI weaker; Turkey hikes; Argentina tries shock therapy; NZ loan growth limp; freight rates jump; UST 10yr 3.90%; gold up and oil slips slightly; NZ$1 = 62.8 USc; TWI-5 = 70.8
22nd Dec 23, 7:51am
67
US resilience endures; China FDI weaker; Turkey hikes; Argentina tries shock therapy; NZ loan growth limp; freight rates jump; UST 10yr 3.90%; gold up and oil slips slightly; NZ$1 = 62.8 USc; TWI-5 = 70.8
[updated]
BNZ responds to the end of year thin slice to some carded fixed home loan rates by ANZ, making some of its own. But BNZ did not trim its term deposit offers as ANZ did
21st Dec 23, 9:12am
22
BNZ responds to the end of year thin slice to some carded fixed home loan rates by ANZ, making some of its own. But BNZ did not trim its term deposit offers as ANZ did
US sentiment rises; US current account deficit shrinks; Japan's exports retreat; China property woes go on and on; Aussie leading index stops falling; UST 10yr 3.89%; gold down and oil stays firm; NZ$1 = 62.8 USc; TWI-5 = 71
21st Dec 23, 7:33am
107
US sentiment rises; US current account deficit shrinks; Japan's exports retreat; China property woes go on and on; Aussie leading index stops falling; UST 10yr 3.89%; gold down and oil stays firm; NZ$1 = 62.8 USc; TWI-5 = 71
A review of things you need to know before you sign off on Wednesday; ANZ trims rates, consumer sentiment up, dairy prices rise, NZX50 changeout, ASB culls fees, swaps stable, NZD firm, & more
20th Dec 23, 4:04pm
30
A review of things you need to know before you sign off on Wednesday; ANZ trims rates, consumer sentiment up, dairy prices rise, NZX50 changeout, ASB culls fees, swaps stable, NZD firm, & more
Dairy prices rise; US housing starts leap; US retail sales stay positive; Canadian CPI eases; RBA minute warnings ignored; UST 10yr 3.92%; gold up and oil stays up; NZ$1 = 62.7 USc; TWI-5 = 70.8
20th Dec 23, 7:22am
40
Dairy prices rise; US housing starts leap; US retail sales stay positive; Canadian CPI eases; RBA minute warnings ignored; UST 10yr 3.92%; gold up and oil stays up; NZ$1 = 62.7 USc; TWI-5 = 70.8
In a pre-Christmas move, our largest bank trims some key mortgage rates, and some not-so-key term deposit offers. Given where wholesale rates have been trending, this may be the start of a move down across the board
19th Dec 23, 5:55pm
75
In a pre-Christmas move, our largest bank trims some key mortgage rates, and some not-so-key term deposit offers. Given where wholesale rates have been trending, this may be the start of a move down across the board
A review of things you need to know before you sign off on Tuesday; varied views of the housing market, firms prepare higher prices for 2024, trade shrinks in November, swaps on hold, NZD on hold, & more
19th Dec 23, 3:59pm
48
A review of things you need to know before you sign off on Tuesday; varied views of the housing market, firms prepare higher prices for 2024, trade shrinks in November, swaps on hold, NZD on hold, & more
US housing sentiment improves; Fed pushes back on rate cut expectations; China property problems spread; more shippers avoid the Red Sea; UST 10yr 3.96%; gold down and oil up; NZ$1 = 62.1 USc; TWI-5 = 70.4
19th Dec 23, 7:24am
17
US housing sentiment improves; Fed pushes back on rate cut expectations; China property problems spread; more shippers avoid the Red Sea; UST 10yr 3.96%; gold down and oil up; NZ$1 = 62.1 USc; TWI-5 = 70.4
A review of things you need to know before you sign off on Monday; record house building, improved sentiment, PSI rises in south, banks & farmers fall out, swaps hold, NZD holds, & more
18th Dec 23, 3:59pm
32
A review of things you need to know before you sign off on Monday; record house building, improved sentiment, PSI rises in south, banks & farmers fall out, swaps hold, NZD holds, & more
Chinese data mixed although helped by a weak base; US service sector ok but factories weaker; India exports not growing; Suez Canal being avoided; UST 10yr 3.92%; gold and oil unchanged; NZ$1 = 62.1 USc; TWI-5 = 70.4
18th Dec 23, 7:18am
22
Chinese data mixed although helped by a weak base; US service sector ok but factories weaker; India exports not growing; Suez Canal being avoided; UST 10yr 3.92%; gold and oil unchanged; NZ$1 = 62.1 USc; TWI-5 = 70.4
US factories struggle but services expand; China data mixed; India export levels stay tame; Red Sea troubles have ships avoiding it; UST 10yr 3.93%; gold and oil down; NZ$1 = 62.2 USc; TWI-5 = 70.4
16th Dec 23, 8:33am
18
US factories struggle but services expand; China data mixed; India export levels stay tame; Red Sea troubles have ships avoiding it; UST 10yr 3.93%; gold and oil down; NZ$1 = 62.2 USc; TWI-5 = 70.4
A review of things you need to know before you sign off on Friday; Rabo tweaks some TD rate higher, immigrants with work visas surge, glimmers in holiday retail, swaps hold sharply lower, NZD slips, & more
15th Dec 23, 3:59pm
38
A review of things you need to know before you sign off on Friday; Rabo tweaks some TD rate higher, immigrants with work visas surge, glimmers in holiday retail, swaps hold sharply lower, NZD slips, & more
US jobless claims fall, mortgage rates fall, retail sales rise; Europe's central banks remain staunch against inflation; Aussie inflation expectations fall; UST 10yr 3.93%; gold and oil up; NZ$1 = 62.2 USc; TWI-5 = 70.3
15th Dec 23, 7:26am
54
US jobless claims fall, mortgage rates fall, retail sales rise; Europe's central banks remain staunch against inflation; Aussie inflation expectations fall; UST 10yr 3.93%; gold and oil up; NZ$1 = 62.2 USc; TWI-5 = 70.3
A review of things you need to know before you sign off on Thursday; NZ GDP crumbles, more for milk, more milksolids, farmer sentiment rises, NZGB bonds in high demand, wholesale benchmark rates dive, NZD up, & more
14th Dec 23, 3:59pm
80
A review of things you need to know before you sign off on Thursday; NZ GDP crumbles, more for milk, more milksolids, farmer sentiment rises, NZGB bonds in high demand, wholesale benchmark rates dive, NZD up, & more
[updated]
Global markets eye Fed decisions; US PPI low; US mortgage applications jump; China's weaknesses extend; Argentina devalues hard; Australia near surplus; UST 10yr 4.16%; gold and oil up; NZ$1 = 61.2 USc; TWI-5 = 70.2
14th Dec 23, 7:20am
77
Global markets eye Fed decisions; US PPI low; US mortgage applications jump; China's weaknesses extend; Argentina devalues hard; Australia near surplus; UST 10yr 4.16%; gold and oil up; NZ$1 = 61.2 USc; TWI-5 = 70.2
[updated]
A review of things you need to know before you sign off on Wednesday; no retail rate changes, house sales low, food prices high, C/A narrows sightly, employers eye cutbacks, swaps & NZD on hold, & more
13th Dec 23, 4:00pm
98
A review of things you need to know before you sign off on Wednesday; no retail rate changes, house sales low, food prices high, C/A narrows sightly, employers eye cutbacks, swaps & NZD on hold, & more
US inflation progress stalls; Canada to try a 'new' housing solution; India inflation rises; German sentiment up; Aussie business sentiment dives; UST 10yr 4.21%; gold and oil lower again; NZ$1 = 61.3 USc; TWI-5 = 70.4
13th Dec 23, 7:19am
44
US inflation progress stalls; Canada to try a 'new' housing solution; India inflation rises; German sentiment up; Aussie business sentiment dives; UST 10yr 4.21%; gold and oil lower again; NZ$1 = 61.3 USc; TWI-5 = 70.4
A review of things you need to know before you sign off on Tuesday; immigrants rush in, retail volumes shrink, tourism recovery eases, still 11,000+ storm claims to be resolved, swaps hold, NZD rises, & more
12th Dec 23, 4:00pm
16
A review of things you need to know before you sign off on Tuesday; immigrants rush in, retail volumes shrink, tourism recovery eases, still 11,000+ storm claims to be resolved, swaps hold, NZD rises, & more
US inflation expectations ease; UST bond auctions well supported; Japanese business sentiment rises; NZ grocery price pressure high but easing; UST 10yr 4.27%; gold and oil lower; NZ$1 = 61.2 USc; TWI-5 = 70.3
12th Dec 23, 7:19am
49
US inflation expectations ease; UST bond auctions well supported; Japanese business sentiment rises; NZ grocery price pressure high but easing; UST 10yr 4.27%; gold and oil lower; NZ$1 = 61.2 USc; TWI-5 = 70.3