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
[updated]
Kiwibank leads the rate cutting following the RBNZ's 25 basis points OCR reduction. ASB also cut fixed rates making its whole rate card market-leading - for now. ANZ cuts too, now Westpac
14th Aug 24, 2:17pm
58
Kiwibank leads the rate cutting following the RBNZ's 25 basis points OCR reduction. ASB also cut fixed rates making its whole rate card market-leading - for now. ANZ cuts too, now Westpac
US activity data positive, inflation low; Japanese machine tool orders rise; China in deepening funk; Aussie sentiment stays modestly positive; UST 10yr 3.86%; gold and oil little-changed; NZ$1 = 60.7 USc; TWI-5 = 69.2
14th Aug 24, 7:19am
119
US activity data positive, inflation low; Japanese machine tool orders rise; China in deepening funk; Aussie sentiment stays modestly positive; UST 10yr 3.86%; gold and oil little-changed; NZ$1 = 60.7 USc; TWI-5 = 69.2
A review of things you need to know before you sign off on Tuesday; a new low 1yr mortgage rate, house values retreat, more immigrants, more visitors, swaps stable, NZD firm, & more
13th Aug 24, 4:00pm
107
A review of things you need to know before you sign off on Tuesday; a new low 1yr mortgage rate, house values retreat, more immigrants, more visitors, swaps stable, NZD firm, & more
TSB jumps in with a market-low one year home loan rate of 6.69%, a 16 bps advantage over the major banks. Others are likely waiting for the RBNZ before assessing their rate moves
13th Aug 24, 9:50am
43
TSB jumps in with a market-low one year home loan rate of 6.69%, a 16 bps advantage over the major banks. Others are likely waiting for the RBNZ before assessing their rate moves
US inflation expectations fall; global crop output healthy; Canada building consents dive; strikes rise in China; India inflation eases; UST 10yr 3.91%; gold and oil rise; NZ$1 = 60.2 USc; TWI-5 = 68.9
13th Aug 24, 7:19am
112
US inflation expectations fall; global crop output healthy; Canada building consents dive; strikes rise in China; India inflation eases; UST 10yr 3.91%; gold and oil rise; NZ$1 = 60.2 USc; TWI-5 = 68.9
[updated]
A review of things you need to know before you sign off on Monday; no retail rate changes, new building work slows fast, Govt warned its water 'reform' carries big financial risks, grocery inflation slows, swaps stable, NZD stable, & more
12th Aug 24, 3:59pm
71
A review of things you need to know before you sign off on Monday; no retail rate changes, new building work slows fast, Govt warned its water 'reform' carries big financial risks, grocery inflation slows, swaps stable, NZD stable, & more
China CPI & PPI struggle with deflationary pressures; China vehicle sales dive; Canada employment marks time; Russia inflation rises; UST 10yr 3.94%; gold and oil firmish; NZ$1 = 60 USc; TWI-5 = 68.7
12th Aug 24, 7:19am
121
China CPI & PPI struggle with deflationary pressures; China vehicle sales dive; Canada employment marks time; Russia inflation rises; UST 10yr 3.94%; gold and oil firmish; NZ$1 = 60 USc; TWI-5 = 68.7
Retail interest rates have been on the move recently, and the period of change is far from over. We take a early, interim look at one measure of bank rate spreads to assess how these changes are playing out
10th Aug 24, 9:10am
35
Retail interest rates have been on the move recently, and the period of change is far from over. We take a early, interim look at one measure of bank rate spreads to assess how these changes are playing out
US slows its balance sheet shrinkage; Canada labour market eases; China battles deflationary forces; Russia battles inflation jump; Wall Street ends with big weekly gain; UST 10yr 3.94%; gold and oil up; NZ$1 = 60 USc; TWI-5 = 68.6
10th Aug 24, 8:17am
26
US slows its balance sheet shrinkage; Canada labour market eases; China battles deflationary forces; Russia battles inflation jump; Wall Street ends with big weekly gain; UST 10yr 3.94%; gold and oil up; NZ$1 = 60 USc; TWI-5 = 68.6
A review of things you need to know before you sign off on Friday; many TD cuts, smaller houses, concrete pour rises, corruption penalised, expensive bank capital, swaps stable, NZD up, & more
9th Aug 24, 3:59pm
82
A review of things you need to know before you sign off on Friday; many TD cuts, smaller houses, concrete pour rises, corruption penalised, expensive bank capital, swaps stable, NZD up, & more
US labour market stays healthy; US petrol prices low; India holds policy rate again; Taiwan exports rise; container shipping freight rates ease marginally; UST 10yr 4.00%; gold and oil up; NZ$1 = 60 USc; TWI-5 = 68.7
9th Aug 24, 7:19am
91
US labour market stays healthy; US petrol prices low; India holds policy rate again; Taiwan exports rise; container shipping freight rates ease marginally; UST 10yr 4.00%; gold and oil up; NZ$1 = 60 USc; TWI-5 = 68.7
Home loan rates fall again at two more banks, and 5.99% seems to be where carded retail rates are headed with SBS Bank offering that for two years fixed
8th Aug 24, 4:57pm
31
Home loan rates fall again at two more banks, and 5.99% seems to be where carded retail rates are headed with SBS Bank offering that for two years fixed
[updated]
A review of things you need to know before you sign off on Thursday; SBS Bank drops key rate, RBNZ survey very supportive for rate cut, card activity weak, strong NZGB demand, swaps lower, NZD stable, & more
8th Aug 24, 3:59pm
70
A review of things you need to know before you sign off on Thursday; SBS Bank drops key rate, RBNZ survey very supportive for rate cut, card activity weak, strong NZGB demand, swaps lower, NZD stable, & more
[updated]
Savers can expect to wave goodbye to 6% term deposit rates very soon. It is tougher to now earn a positive after-tax, after-inflation return - but still doable
8th Aug 24, 12:09pm
40
Savers can expect to wave goodbye to 6% term deposit rates very soon. It is tougher to now earn a positive after-tax, after-inflation return - but still doable
US data largely positive; China exports fall, reserves rise; China's dairy industry struggles; Aussie CoL indexes higher than CPI; UST 10yr 3.97%; gold unchanged and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.9
8th Aug 24, 7:19am
111
US data largely positive; China exports fall, reserves rise; China's dairy industry struggles; Aussie CoL indexes higher than CPI; UST 10yr 3.97%; gold unchanged and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.9
A review of things you need to know before you sign off on Wednesday; only small retail rate changes today, jobs data not as tough as expected, dairy prices hold, swap rates rise sharply, NZD rises too, & more
7th Aug 24, 3:59pm
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A review of things you need to know before you sign off on Wednesday; only small retail rate changes today, jobs data not as tough as expected, dairy prices hold, swap rates rise sharply, NZD rises too, & more
Dairy prices firm; US data belies recession mood; China steel prices fall hard again; EU retail volumes soft; RBA firm on inflation-beating targets; UST 10yr 3.88%; gold down and oil little-changed; NZ$1 = 59.6 USc; TWI-5 = 68.2
7th Aug 24, 7:19am
100
Dairy prices firm; US data belies recession mood; China steel prices fall hard again; EU retail volumes soft; RBA firm on inflation-beating targets; UST 10yr 3.88%; gold down and oil little-changed; NZ$1 = 59.6 USc; TWI-5 = 68.2
[updated]
A review of things you need to know before you sign off on Tuesday; some big retail rate changes, auctions draw more bidders, long ban, eyes on HLFS and RBA, swaps stop falling, NZD holds, & more
6th Aug 24, 3:59pm
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A review of things you need to know before you sign off on Tuesday; some big retail rate changes, auctions draw more bidders, long ban, eyes on HLFS and RBA, swaps stop falling, NZD holds, & more
A severe lack of rain, wind and sun is exposing the risks of renewable electricity generation's role in our baseload electricity requirements. Prices look set to rise for retail users
6th Aug 24, 9:52am
93
A severe lack of rain, wind and sun is exposing the risks of renewable electricity generation's role in our baseload electricity requirements. Prices look set to rise for retail users
More major banks rush to cut mortgage rates with sub-6% rate offers spreading. These cuts come as wholesale rates dive ahead of next week's RBNZ rate review. Some TD rates drop too
6th Aug 24, 8:44am
101
More major banks rush to cut mortgage rates with sub-6% rate offers spreading. These cuts come as wholesale rates dive ahead of next week's RBNZ rate review. Some TD rates drop too
Equity markets in a summer swoon as fear washes over investors; despite that global services sectors optimistic; eyes on RBA; markets reprice for steep RBNZ cutting cycle; UST 10yr 3.77%; gold and oil down; NZ$1 = 59.3 USc; TWI-5 = 68
6th Aug 24, 7:19am
125
Equity markets in a summer swoon as fear washes over investors; despite that global services sectors optimistic; eyes on RBA; markets reprice for steep RBNZ cutting cycle; UST 10yr 3.77%; gold and oil down; NZ$1 = 59.3 USc; TWI-5 = 68
A review of things you need to know before you sign off on Monday; only minor retail rate changes, Barfoot volumes up while prices drop, cold snap jerks power prices up, some equity markets roiled, swaps down, NZD holds, & more
5th Aug 24, 3:59pm
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A review of things you need to know before you sign off on Monday; only minor retail rate changes, Barfoot volumes up while prices drop, cold snap jerks power prices up, some equity markets roiled, swaps down, NZD holds, & more
China coopts its banks to deliver a kick-start, boosts urbanisation target; US labour market eases back; financial markets reassess optimism; UST 10yr 3.79%; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4
5th Aug 24, 7:19am
48
China coopts its banks to deliver a kick-start, boosts urbanisation target; US labour market eases back; financial markets reassess optimism; UST 10yr 3.79%; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4
The global capital markets are truly enormous. This gigantic ocean of capital washes over us and the countries we trade with. We update their relative sizes and changes
3rd Aug 24, 9:00am
6
The global capital markets are truly enormous. This gigantic ocean of capital washes over us and the countries we trade with. We update their relative sizes and changes
US jobs expansion disappoints; China says to will pivot to support common prosperity; Indian bankruptcy roils cricket; UST 10yr 3.79%; Wall Street down; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4
3rd Aug 24, 8:27am
119
US jobs expansion disappoints; China says to will pivot to support common prosperity; Indian bankruptcy roils cricket; UST 10yr 3.79%; Wall Street down; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4