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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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OPEC surprises with a 1 mln barrel/day supply cut; China expands; Japan in uncertain territory; US incomes rise and inflation falls; UST 10yr 3.47%; gold down but oil prices sure to jump; NZ$1 = 62.5 USc; TWI-5 = 70.6
3rd Apr 23, 7:19am
43
OPEC surprises with a 1 mln barrel/day supply cut; China expands; Japan in uncertain territory; US incomes rise and inflation falls; UST 10yr 3.47%; gold down but oil prices sure to jump; NZ$1 = 62.5 USc; TWI-5 = 70.6
The combination of very fast rising balances (now $48.5 bln) and a fast rising OCR (now 4.75%) has turbocharged the interest payments by the RBNZ to its depositors
1st Apr 23, 10:08am
15
The combination of very fast rising balances (now $48.5 bln) and a fast rising OCR (now 4.75%) has turbocharged the interest payments by the RBNZ to its depositors
US incomes rise, inflation falls; industry still struggles; stress levels moderate; China's rebound holds questions; Japan up; EU inflation down; UST 10yr 3.48%; gold down and oil up; NZ$1 = 62.5 USc; TWI-5 = 70.5
1st Apr 23, 9:06am
63
US incomes rise, inflation falls; industry still struggles; stress levels moderate; China's rebound holds questions; Japan up; EU inflation down; UST 10yr 3.48%; gold down and oil up; NZ$1 = 62.5 USc; TWI-5 = 70.5
A review of things you need to know before you sign off on Friday: consumer sentiment poor, fast-tracking green consents, households signal borrowing stress, swaps hold, NZD rises, & more
31st Mar 23, 3:59pm
66
A review of things you need to know before you sign off on Friday: consumer sentiment poor, fast-tracking green consents, households signal borrowing stress, swaps hold, NZD rises, & more
US jobless claims rise; US Q4 GDP revised lower; German CPI lower; EU sentiment eases; Aussie job vacancies slip; fright rates slip again; UST 10yr 3.56%; gold and oil up; NZ$1 = 62.6 USc; TWI-5 = 70.4
31st Mar 23, 7:19am
17
US jobless claims rise; US Q4 GDP revised lower; German CPI lower; EU sentiment eases; Aussie job vacancies slip; fright rates slip again; UST 10yr 3.56%; gold and oil up; NZ$1 = 62.6 USc; TWI-5 = 70.4
A review of things you need to know before you sign off on Thursday; building consents dive, business confidence stays low; bond offers successful, swaps up, NZD soft, & more
30th Mar 23, 3:59pm
83
A review of things you need to know before you sign off on Thursday; building consents dive, business confidence stays low; bond offers successful, swaps up, NZD soft, & more
US housing markets rise; Singapore PPI drops; Thailand normalises; Russia struggles; Australian inflation moderates but wage-push threat rises; UST 10yr 3.56%; gold down and oil unchanged; NZ$1 = 62.2 USc; TWI-5 = 70.2
30th Mar 23, 7:26am
69
US housing markets rise; Singapore PPI drops; Thailand normalises; Russia struggles; Australian inflation moderates but wage-push threat rises; UST 10yr 3.56%; gold down and oil unchanged; NZ$1 = 62.2 USc; TWI-5 = 70.2
A review of things you need to know before you sign off on Wednesday; employment confidence still positive, labour productivity up, insurers post sharply lower profits, Aussie inflation eases, swaps up, NZD firm, & more
29th Mar 23, 3:59pm
52
A review of things you need to know before you sign off on Wednesday; employment confidence still positive, labour productivity up, insurers post sharply lower profits, Aussie inflation eases, swaps up, NZD firm, & more
US retail loses impetus; US trade deficit shrinks; US sentiment improves; Chinese construction exports recover; France raids banks; Aussie retail weak; UST 10yr 3.54%; gold and oil up; NZ$1 = 62.5 USc; TWI-5 = 70.3
29th Mar 23, 7:22am
54
US retail loses impetus; US trade deficit shrinks; US sentiment improves; Chinese construction exports recover; France raids banks; Aussie retail weak; UST 10yr 3.54%; gold and oil up; NZ$1 = 62.5 USc; TWI-5 = 70.3
A review of things you need to know before you sign off on Tuesday; more TD rate rises, local labour market still strong, CER celebrated but trade turns against us, swaps stop falling, NZD stable, & more
28th Mar 23, 3:59pm
57
A review of things you need to know before you sign off on Tuesday; more TD rate rises, local labour market still strong, CER celebrated but trade turns against us, swaps stop falling, NZD stable, & more
The best bits of SVB sold off; CFTC sues Binance; Texas factories slow; China's factories in tough price war; World Bank sees lost decade coming; UST 10yr 3.52%; gold down and oil up; NZ$1 = 61.9 USc; TWI-5 = 70
28th Mar 23, 7:23am
83
The best bits of SVB sold off; CFTC sues Binance; Texas factories slow; China's factories in tough price war; World Bank sees lost decade coming; UST 10yr 3.52%; gold down and oil up; NZ$1 = 61.9 USc; TWI-5 = 70
A review of things you need to know before you sign off on Monday; household deposit review, mortgage risk from floods, more green bonds, China starts 2023 on dour note, swaps lower, NZD stable, & more
27th Mar 23, 3:59pm
103
A review of things you need to know before you sign off on Monday; household deposit review, mortgage risk from floods, more green bonds, China starts 2023 on dour note, swaps lower, NZD stable, & more
Savers moved their deposits aggressively during the pandemic. Now the pandemic has passed and they remember how to do it, does that risk other more destabilising shifts out of the banking system?
27th Mar 23, 11:26am
39
Savers moved their deposits aggressively during the pandemic. Now the pandemic has passed and they remember how to do it, does that risk other more destabilising shifts out of the banking system?
ALP gets another big win in Aussie politics; Europe worried about Deutsche Bank; US data mixed but banking turmoil runs on; IMF notes global risks rising; UST 10yr 3.37%; gold and oil unchanged; NZ$1 = 62 USc; TWI-5 = 70.1
27th Mar 23, 7:19am
75
ALP gets another big win in Aussie politics; Europe worried about Deutsche Bank; US data mixed but banking turmoil runs on; IMF notes global risks rising; UST 10yr 3.37%; gold and oil unchanged; NZ$1 = 62 USc; TWI-5 = 70.1
US expansion points to more rate hikes; Japanese inflation eases as economy expands; Singapore struggles; EU up but worries about banks grow; UST 10yr 3.37%; gold and oil down; NZ$1 = 62 USc; TWI-5 = 70.1
25th Mar 23, 8:27am
43
US expansion points to more rate hikes; Japanese inflation eases as economy expands; Singapore struggles; EU up but worries about banks grow; UST 10yr 3.37%; gold and oil down; NZ$1 = 62 USc; TWI-5 = 70.1
A review of things you need to know before you sign off on Friday; TSB raises rates, student apartment market rises, more milk payout forecasts cut, mortgage lending stunted, swaps hold, NZD holds, & more
24th Mar 23, 3:59pm
47
A review of things you need to know before you sign off on Friday; TSB raises rates, student apartment market rises, more milk payout forecasts cut, mortgage lending stunted, swaps hold, NZD holds, & more
US labour market stays strong; US new home sales up; Canada's population grows fast; Europe banks follow the Fed; freight rates fall again; UST 10yr 3.44%; gold up and oil down; NZ$1 = 62.9 USc; TWI-5 = 70.6
24th Mar 23, 7:27am
98
US labour market stays strong; US new home sales up; Canada's population grows fast; Europe banks follow the Fed; freight rates fall again; UST 10yr 3.44%; gold up and oil down; NZ$1 = 62.9 USc; TWI-5 = 70.6
[updated]
A review of things you need to know before you sign off on Thursday; many retail rate changes, Truckometer spinning, rental affordability worse than home loan affordability, ETS under review, swaps stay down, NZD firm, & more
23rd Mar 23, 3:59pm
41
A review of things you need to know before you sign off on Thursday; many retail rate changes, Truckometer spinning, rental affordability worse than home loan affordability, ETS under review, swaps stay down, NZD firm, & more
Fed stays focused on inflation-fighting; US landlords wavering; Hong Kong gets liquidity stress; UK inflation stays high; ASIC warns fund managers to keep valuations current; UST 10yr 3.55%; gold and oil up; NZ$1 = 62.5 USc; TWI-5 = 70.4
23rd Mar 23, 7:21am
79
Fed stays focused on inflation-fighting; US landlords wavering; Hong Kong gets liquidity stress; UK inflation stays high; ASIC warns fund managers to keep valuations current; UST 10yr 3.55%; gold and oil up; NZ$1 = 62.5 USc; TWI-5 = 70.4
A review of things you need to know before you sign off on Wednesday; ANZ & Kiwibank raise savings & borrowing rates, dairy prices slip, consumer sentiment stays very low, jail for corruption, swaps up, NZD down, & more
22nd Mar 23, 3:59pm
47
A review of things you need to know before you sign off on Wednesday; ANZ & Kiwibank raise savings & borrowing rates, dairy prices slip, consumer sentiment stays very low, jail for corruption, swaps up, NZD down, & more
Risk back on in global markets; dairy prices fall again; US home sales in unexpected spurt; China gets flu surge; APRA looks for crypto exposures at banks; UST 10yr 3.59%; gold down and oil up; NZ$1 = 61.7 USc; TWI-5 = 69.9
22nd Mar 23, 7:18am
77
Risk back on in global markets; dairy prices fall again; US home sales in unexpected spurt; China gets flu surge; APRA looks for crypto exposures at banks; UST 10yr 3.59%; gold down and oil up; NZ$1 = 61.7 USc; TWI-5 = 69.9
A review of things you need to know before you sign off on Tuesday; no retail rate changes, few Kiwi victims of Latitude cyber attack, SME's self-confident, trade deficit unchanged, swap rates fall again, NZD dips, & more
21st Mar 23, 3:59pm
68
A review of things you need to know before you sign off on Tuesday; no retail rate changes, few Kiwi victims of Latitude cyber attack, SME's self-confident, trade deficit unchanged, swap rates fall again, NZD dips, & more
The 2023 update from the United Nations Intergovernmental Panel on Climate Change has found that the world is likely to miss its most ambitious climate target - limiting warming to +1.5 degrees C
21st Mar 23, 9:09am
34
The 2023 update from the United Nations Intergovernmental Panel on Climate Change has found that the world is likely to miss its most ambitious climate target - limiting warming to +1.5 degrees C
The pressure on banks remains high but markets sense the worst is over; China holds LPRs; Taiwan export orders fall; German PPI stabilises; UST 10yr 3.49%; gold and oil down; NZ$1 = 62.5 USc; TWI-5 = 70.5
21st Mar 23, 7:19am
83
The pressure on banks remains high but markets sense the worst is over; China holds LPRs; Taiwan export orders fall; German PPI stabilises; UST 10yr 3.49%; gold and oil down; NZ$1 = 62.5 USc; TWI-5 = 70.5
A review of things you need to know before you sign off on Monday; ASB trims fixed home loan rates, more bond issues signaled, Aussie building firms fail faster, swaps sink, NZD holds, & more
20th Mar 23, 3:59pm
53
A review of things you need to know before you sign off on Monday; ASB trims fixed home loan rates, more bond issues signaled, Aussie building firms fail faster, swaps sink, NZD holds, & more