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 sign off on Friday; some more TD rate rises, consumer sentiment rises marginally, SkyCity faces reckoning, Li Keqiang dies, swaps on hold, NZD firms, & more
27th Oct 23, 3:59pm
33
A review of things you need to know before you sign off on Friday; some more TD rate rises, consumer sentiment rises marginally, SkyCity faces reckoning, Li Keqiang dies, swaps on hold, NZD firms, & more
US data very positive, especially Q3 GDP growth; Canadian earnings rise; banks in China stumble; Singapore gets its own turnaround; freight rates fall; UST 10yr 4.85%; gold up and oil down; NZ$1 = 58.1 USc; TWI-5 = 68.4
27th Oct 23, 7:19am
78
US data very positive, especially Q3 GDP growth; Canadian earnings rise; banks in China stumble; Singapore gets its own turnaround; freight rates fall; UST 10yr 4.85%; gold up and oil down; NZ$1 = 58.1 USc; TWI-5 = 68.4
A review of things you need to know before you sign off on Thursday; unsecured credit demand higher, household living costs jump, mortgage interest eats more of household budgets, swaps stable, NZD firms, & more
26th Oct 23, 4:00pm
47
A review of things you need to know before you sign off on Thursday; unsecured credit demand higher, household living costs jump, mortgage interest eats more of household budgets, swaps stable, NZD firms, & more
Over the long run, gold still holds its purchasing power value, outstripping inflation in NZ dollar terms. But it can cost money to hold it, it gives no income, and converting it back into local currency comes with costs too
26th Oct 23, 1:05pm
29
Over the long run, gold still holds its purchasing power value, outstripping inflation in NZ dollar terms. But it can cost money to hold it, it gives no income, and converting it back into local currency comes with costs too
American mortgage interest rates leap; US new home sales strong; Canada holds its official rate; Aussie inflation rising again; commodity prices fall; UST 10yr 4.95%; gold up and oil up; NZ$1 = 58.2 USc; TWI-5 = 68.3
26th Oct 23, 7:19am
100
American mortgage interest rates leap; US new home sales strong; Canada holds its official rate; Aussie inflation rising again; commodity prices fall; UST 10yr 4.95%; gold up and oil up; NZ$1 = 58.2 USc; TWI-5 = 68.3
A review of things you need to know before you sign off on Wednesday; big banks move rates up, strong immigration doesn't bring strong growth, Aussie inflation in surprise rise, swaps hold, NZD holds, & more
25th Oct 23, 3:59pm
53
A review of things you need to know before you sign off on Wednesday; big banks move rates up, strong immigration doesn't bring strong growth, Aussie inflation in surprise rise, swaps hold, NZD holds, & more
US data mostly rising; Xi turns focus to China's economy; China boosts debt limit; EU flash PMIs weak; UST 10yr 4.84%; gold up and oil down; NZ$1 = 58.3 USc; TWI-5 = 68.3
25th Oct 23, 7:24am
69
US data mostly rising; Xi turns focus to China's economy; China boosts debt limit; EU flash PMIs weak; UST 10yr 4.84%; gold up and oil down; NZ$1 = 58.3 USc; TWI-5 = 68.3
[updated]
ANZ raises home loan rates along with term deposit rates, finally catching up with ASB, but opening up same carded differences with other main rivals
24th Oct 23, 5:53pm
59
ANZ raises home loan rates along with term deposit rates, finally catching up with ASB, but opening up same carded differences with other main rivals
[updated]
A review of things you need to know before you sign off on Tuesday; 6.7% for a one year TD, vendors lower their sights, restoring interest deductibility to raise real estate demand, swaps unchanged, NZD holds, & more
24th Oct 23, 3:59pm
50
A review of things you need to know before you sign off on Tuesday; 6.7% for a one year TD, vendors lower their sights, restoring interest deductibility to raise real estate demand, swaps unchanged, NZD holds, & more
[updated]
Many banks now offer 6.1% pa term deposit rates for any term between 6 & 36 months, but SBS Bank's new 6.7% one year special rate stands out
24th Oct 23, 10:39am
34
Many banks now offer 6.1% pa term deposit rates for any term between 6 & 36 months, but SBS Bank's new 6.7% one year special rate stands out
Despite risks, US expanding faster; foreign investment into China reverses; China reports record grain harvest; UNCTAD sees sharp 'friendshoring' trend; UST 10yr 4.84%; gold and oil down; NZ$1 = 58.5 USc; TWI-5 = 68.4
24th Oct 23, 7:19am
54
Despite risks, US expanding faster; foreign investment into China reverses; China reports record grain harvest; UNCTAD sees sharp 'friendshoring' trend; UST 10yr 4.84%; gold and oil down; NZ$1 = 58.5 USc; TWI-5 = 68.4
Equity prices retreat globally; Canada moves on problem home loans; China sees investors leaving; Indonesia raises rates; UST 10yr 4.93%; gold and oil up again; NZ$1 = 58.3 USc; TWI-5 = 68.4
21st Oct 23, 7:42am
20
Equity prices retreat globally; Canada moves on problem home loans; China sees investors leaving; Indonesia raises rates; UST 10yr 4.93%; gold and oil up again; NZ$1 = 58.3 USc; TWI-5 = 68.4
A review of things you need to know before you sign off on Friday; credit conditions tighter for some, exports to China fall, NZGB bond tender very popular, swaps hold high, NZD falls, & more
20th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Friday; credit conditions tighter for some, exports to China fall, NZGB bond tender very popular, swaps hold high, NZD falls, & more
Powell talks down the middle but can't avoid strong labour market signals; China's separation signals grow; Aussie labour market growth twists to part-time; UST 10yr 4.99%; gold and oil up again; NZ$1 = 58.5 USc; TWI-5 = 68.6
20th Oct 23, 7:29am
62
Powell talks down the middle but can't avoid strong labour market signals; China's separation signals grow; Aussie labour market growth twists to part-time; UST 10yr 4.99%; gold and oil up again; NZ$1 = 58.5 USc; TWI-5 = 68.6
A review of things you need to know before you sign off on Thursday; tough for FHBs but they borrow anyway, fraudsters jailed, NZGB tender 880 delayed, long swaps jump, NZD lower, & more
19th Oct 23, 3:59pm
46
A review of things you need to know before you sign off on Thursday; tough for FHBs but they borrow anyway, fraudsters jailed, NZGB tender 880 delayed, long swaps jump, NZD lower, & more
US Treasury 10-year rates leap to 20-year highs near 5%. NZ bond yields jump to 2010 levels
19th Oct 23, 1:22pm
42
US Treasury 10-year rates leap to 20-year highs near 5%. NZ bond yields jump to 2010 levels
US data stable except for housing; Canada housing starts up; China Q3-GDP lower but good; EU inflation eases; Aussie drought prep stress; UST 10yr 4.88%; gold and oil up; NZ$1 = 58.6 USc; TWI-5 = 68.7
19th Oct 23, 7:22am
62
US data stable except for housing; Canada housing starts up; China Q3-GDP lower but good; EU inflation eases; Aussie drought prep stress; UST 10yr 4.88%; gold and oil up; NZ$1 = 58.6 USc; TWI-5 = 68.7
[updated]
A review of things you need to know before you sign off on Wednesday; higher retail rates, higher dairy prices & payout, more price indexes more frequently, swaps jump, oil up, NZD down, & more
18th Oct 23, 3:59pm
58
A review of things you need to know before you sign off on Wednesday; higher retail rates, higher dairy prices & payout, more price indexes more frequently, swaps jump, oil up, NZD down, & more
Another main bank - Kiwibank - trumps the ASB 6% term deposit offer for a six month term, pushing it to 6.05%, a market-leading level from any bank
18th Oct 23, 2:15pm
12
Another main bank - Kiwibank - trumps the ASB 6% term deposit offer for a six month term, pushing it to 6.05%, a market-leading level from any bank
Dairy prices rise again; US data strong; Canada CPI eases; China on Country Garden watch; German sentiment rises; RBA minutes show a hawkish tone; UST 10yr 4.86%; gold up and oil slips; NZ$1 = 59.1 USc; TWI-5 = 60.1
18th Oct 23, 7:24am
103
Dairy prices rise again; US data strong; Canada CPI eases; China on Country Garden watch; German sentiment rises; RBA minutes show a hawkish tone; UST 10yr 4.86%; gold up and oil slips; NZ$1 = 59.1 USc; TWI-5 = 60.1
[updated]
A review of things you need to know before you sign off on Tuesday; inflation falls faster than expected, work visa arrivals more than expected, RBA hawkishness unexpected, swaps stable, NZD soft, & more
17th Oct 23, 3:59pm
64
A review of things you need to know before you sign off on Tuesday; inflation falls faster than expected, work visa arrivals more than expected, RBA hawkishness unexpected, swaps stable, NZD soft, & more
US investor mood brightens, risk appetite stronger; Canadian mood sours; India data softens; China rushes out record liquidity; Poland turns west; UST 10yr 4.72%; gold and oil slip; NZ$1 = 59.2 USc; TWI-5 = 60.5
17th Oct 23, 7:19am
63
US investor mood brightens, risk appetite stronger; Canadian mood sours; India data softens; China rushes out record liquidity; Poland turns west; UST 10yr 4.72%; gold and oil slip; NZ$1 = 59.2 USc; TWI-5 = 60.5
A review of things you need to know before you sign off on Monday; numerous retail rate changes & some interesting, household net worth falls, service sector expands, tractor sales low, swaps on hold, NZD stable, & more
16th Oct 23, 3:59pm
33
A review of things you need to know before you sign off on Monday; numerous retail rate changes & some interesting, household net worth falls, service sector expands, tractor sales low, swaps on hold, NZD stable, & more
[updated]
Heartland Bank raises more home loan rates, whittling back much of its rate advantage. It also unveils a 5% digital call account, besting most other call account offers
16th Oct 23, 11:39am
Heartland Bank raises more home loan rates, whittling back much of its rate advantage. It also unveils a 5% digital call account, besting most other call account offers
China flirts with deflation again; China's exports brittle; IMF warns about China's property woes; US sentiment slips; UST 10yr 4.63%; gold and oil jump; NZ$1 = 58.9 USc; TWI-5 = 60.3
16th Oct 23, 7:19am
32
China flirts with deflation again; China's exports brittle; IMF warns about China's property woes; US sentiment slips; UST 10yr 4.63%; gold and oil jump; NZ$1 = 58.9 USc; TWI-5 = 60.3