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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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A review of things you need to know before you sign off on Thursday; ANZ drops home loan rates, BNZ & ANZ drop TD rates, our jobless claims rise, NZGB tender very well supported, swaps stable, NZD unchanged, & more
18th Jul 24, 3:59pm
27
A review of things you need to know before you sign off on Thursday; ANZ drops home loan rates, BNZ & ANZ drop TD rates, our jobless claims rise, NZGB tender very well supported, swaps stable, NZD unchanged, & more
[updated]
A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them
18th Jul 24, 9:21am
34
A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them
Good US data builds bets Fed will cut soon; Japan gains; China struggles; WTO accuses China of lacking transparency; Trump comments sink Wall St; UST 10yr 4.14%; gold softer but oil up; NZ$1 = 60.7 USc; TWI-5 = 69.4
18th Jul 24, 7:19am
53
Good US data builds bets Fed will cut soon; Japan gains; China struggles; WTO accuses China of lacking transparency; Trump comments sink Wall St; UST 10yr 4.14%; gold softer but oil up; NZ$1 = 60.7 USc; TWI-5 = 69.4
[updated]
ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
17th Jul 24, 5:59pm
86
ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot
A review of things you need to know before you sign off on Wednesday; CPI inflation eases more than expected, rents top out, dairy prices surprise, Synlait surprises again, swaps uncertain, NZD firms, & more
17th Jul 24, 3:59pm
34
A review of things you need to know before you sign off on Wednesday; CPI inflation eases more than expected, rents top out, dairy prices surprise, Synlait surprises again, swaps uncertain, NZD firms, & more
Dairy prices change direction; eyes on NZ CPI; US retail sales hold; Canadian inflation eases; IMF holds global growth estimate but warns on services inflation; UST 10yr 4.17%; gold at ATH but oil down; NZ$1 = 60.4 USc; TWI-5 = 69.3
17th Jul 24, 7:20am
48
Dairy prices change direction; eyes on NZ CPI; US retail sales hold; Canadian inflation eases; IMF holds global growth estimate but warns on services inflation; UST 10yr 4.17%; gold at ATH but oil down; NZ$1 = 60.4 USc; TWI-5 = 69.3
A review of things you need to know before you sign off on Tuesday; quiet on the retail rate front, realtor commissions sink with market, eyes on dairy prices and CPI, insurance premium cost risk rises, swaps ease, NZD falls, & more
16th Jul 24, 3:59pm
111
A review of things you need to know before you sign off on Tuesday; quiet on the retail rate front, realtor commissions sink with market, eyes on dairy prices and CPI, insurance premium cost risk rises, swaps ease, NZD falls, & more
Powell sees cuts, but when?; Indian exports rise modestly; China's growth below target, may actually be lower than reported; not enough copper; UST 10yr 4.22%; gold up and oil stable; NZ$1 = 60.8 USc; TWI-5 = 69.5
16th Jul 24, 7:31am
80
Powell sees cuts, but when?; Indian exports rise modestly; China's growth below target, may actually be lower than reported; not enough copper; UST 10yr 4.22%; gold up and oil stable; NZ$1 = 60.8 USc; TWI-5 = 69.5
A review of things you need to know before you sign off on Monday; another Notice Saver launches, PSI terrible, REINZ June data not much better, tractor sale dire, swaps stable, NZD eases, & more
15th Jul 24, 3:59pm
163
A review of things you need to know before you sign off on Monday; another Notice Saver launches, PSI terrible, REINZ June data not much better, tractor sale dire, swaps stable, NZD eases, & more
China loan data weakish ahead of their GDP release, exports up; Japanese & Indian data positive; US data positive but sentiment shaky; Aussie migration up; UST 10yr 4.19%; gold up and oil stable; NZ$1 = 61.2 USc; TWI-5 = 69.9
15th Jul 24, 7:20am
13
China loan data weakish ahead of their GDP release, exports up; Japanese & Indian data positive; US data positive but sentiment shaky; Aussie migration up; UST 10yr 4.19%; gold up and oil stable; NZ$1 = 61.2 USc; TWI-5 = 69.9
US PPI rises, sentiment eases; industrial production in Japan & India rises; China's exports rise; China's bank loan growth eases; OECD ranks NZ tax as uncompetitive; UST 10yr 4.19%; gold up and oil stable; NZ$1 = 61.2 USc; TWI-5 = 69.9
13th Jul 24, 8:48am
43
US PPI rises, sentiment eases; industrial production in Japan & India rises; China's exports rise; China's bank loan growth eases; OECD ranks NZ tax as uncompetitive; UST 10yr 4.19%; gold up and oil stable; NZ$1 = 61.2 USc; TWI-5 = 69.9
A review of things you need to know before you sign off on Friday; retail rates edge lower; PMI falls sharply, retail starved of demand, Dosh wants to be a bank, swaps soft, NZD unchanged, & more
12th Jul 24, 3:59pm
145
A review of things you need to know before you sign off on Friday; retail rates edge lower; PMI falls sharply, retail starved of demand, Dosh wants to be a bank, swaps soft, NZD unchanged, & more
Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
12th Jul 24, 10:11am
29
Savers should move quickly to capture term deposit specials before they expire. It seems likely that they won't be repeated any time soon
US inflation cools marginally more than expected; US Govt deficit falls; Japanese yen gains sharply; German CPI lower; freight rates stop rising, stay high; UST 10yr 4.19%; gold up and oil stable; NZ$1 = 60.9 USc; TWI-5 = 69.8
12th Jul 24, 7:24am
43
US inflation cools marginally more than expected; US Govt deficit falls; Japanese yen gains sharply; German CPI lower; freight rates stop rising, stay high; UST 10yr 4.19%; gold up and oil stable; NZ$1 = 60.9 USc; TWI-5 = 69.8
A review of things you need to know before you sign off on Thursday; Westpac makes early retail rate moves, food prices fall, truckometer issues warning, NZGB demand returns, swaps eyed, NZD stops falling, & more
11th Jul 24, 3:59pm
46
A review of things you need to know before you sign off on Thursday; Westpac makes early retail rate moves, food prices fall, truckometer issues warning, NZGB demand returns, swaps eyed, NZD stops falling, & more
Westpac has responded to the diving wholesale rates following dovish RBNZ signals by cutting its popular short fixed home loan rates, and trimming its short term deposit rate offers
11th Jul 24, 12:11pm
100
Westpac has responded to the diving wholesale rates following dovish RBNZ signals by cutting its popular short fixed home loan rates, and trimming its short term deposit rate offers
US data releases light but Wall Street claims new record highs; China inflation/deflation dance continues; China overcapacity drives trade reactions; UST 10yr 4.28%; gold and oil up; NZ$1 = 60.8 USc; TWI-5 = 69.9
11th Jul 24, 7:20am
50
US data releases light but Wall Street claims new record highs; China inflation/deflation dance continues; China overcapacity drives trade reactions; UST 10yr 4.28%; gold and oil up; NZ$1 = 60.8 USc; TWI-5 = 69.9
A review of things you need to know before you sign off on Wednesday; RBNZ sends dovish signals so TD rates now on watch, migration turns negative, tourism recovers, job ads dive, swaps fall sharply, NZD down, & more
10th Jul 24, 4:01pm
36
A review of things you need to know before you sign off on Wednesday; RBNZ sends dovish signals so TD rates now on watch, migration turns negative, tourism recovers, job ads dive, swaps fall sharply, NZD down, & more
Dairy prices stubbed; US data optimistic; Fed eyes rate cut; Taiwan exports surge; Aussie sentiment eases; India to drive global food demand; UST 10yr 4.30%; gold firmish and oil lower; NZ$1 = 61.2 USc; TWI-5 = 70.5
10th Jul 24, 7:20am
76
Dairy prices stubbed; US data optimistic; Fed eyes rate cut; Taiwan exports surge; Aussie sentiment eases; India to drive global food demand; UST 10yr 4.30%; gold firmish and oil lower; NZ$1 = 61.2 USc; TWI-5 = 70.5
A review of things you need to know before you sign off on Tuesday; oceans warmest, tax fraud punished with wet noodles, property investors return for residential, scarce for commercial, swaps unchanged, NZD slips, & more
9th Jul 24, 3:59pm
40
A review of things you need to know before you sign off on Tuesday; oceans warmest, tax fraud punished with wet noodles, property investors return for residential, scarce for commercial, swaps unchanged, NZD slips, & more
US inflation expectations ease to Fed-friendly levels; US and China struggle with climate extremes; Aussie housing lending weak; commodity prices retreat; UST 10yr 4.27%; gold and oil lower; NZ$1 = 61.3 USc; TWI-5 = 70.5
9th Jul 24, 7:19am
34
US inflation expectations ease to Fed-friendly levels; US and China struggle with climate extremes; Aussie housing lending weak; commodity prices retreat; UST 10yr 4.27%; gold and oil lower; NZ$1 = 61.3 USc; TWI-5 = 70.5
A review of things you need to know before you sign off on Monday; Kiwibank ups two short TD rates, supermarket cost pressure eases, RBNZ watches shadow banks, Contact commissions more geothermal capacity, swaps & NZD stable, & more
8th Jul 24, 3:59pm
21
A review of things you need to know before you sign off on Monday; Kiwibank ups two short TD rates, supermarket cost pressure eases, RBNZ watches shadow banks, Contact commissions more geothermal capacity, swaps & NZD stable, & more
China's reserves stay high; Japan's JPIF makes huge gains; US non-farm payrolls rise more than expected; Canada's PMIs rebound; Voters turn left; UST 10yr 4.28%; gold and oil little-changed; NZ$1 = 61.5 USc; TWI-5 = 70.6
8th Jul 24, 7:19am
52
China's reserves stay high; Japan's JPIF makes huge gains; US non-farm payrolls rise more than expected; Canada's PMIs rebound; Voters turn left; UST 10yr 4.28%; gold and oil little-changed; NZ$1 = 61.5 USc; TWI-5 = 70.6
US payrolls rise better than expected but suffer prior revision; Canadian payroll growth evaporates; Japan pension fund books huge gain; copper rises again; UST 10yr 4.28%; gold up and oil down; NZ$1 = 61.4 USc; TWI-5 = 70.6
6th Jul 24, 8:55am
34
US payrolls rise better than expected but suffer prior revision; Canadian payroll growth evaporates; Japan pension fund books huge gain; copper rises again; UST 10yr 4.28%; gold up and oil down; NZ$1 = 61.4 USc; TWI-5 = 70.6
Despite a sharp increase in the number of houses going under the hammer, the sales rate sank, and the prices achieved for those that sold slipped further below rating valuations. It was especially tough in Auckland
6th Jul 24, 7:28am
129
Despite a sharp increase in the number of houses going under the hammer, the sales rate sank, and the prices achieved for those that sold slipped further below rating valuations. It was especially tough in Auckland