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 Thursday; some key retail rates changes, REINZ data uninspiring, food price rises high, more regulatory penalties, huge bond demand, swaps stable, NZD slips, & more
12th Oct 23, 3:59pm
41
A review of things you need to know before you sign off on Thursday; some key retail rates changes, REINZ data uninspiring, food price rises high, more regulatory penalties, huge bond demand, swaps stable, NZD slips, & more
A main bank moves the 6% term deposit rate offer to a six month term, and raises its three year offer to a market-leading 6.10%
12th Oct 23, 9:24am
16
A main bank moves the 6% term deposit rate offer to a six month term, and raises its three year offer to a market-leading 6.10%
US data positive; Fed minutes take steam out of rate rise thoughts; Japanese machine tool orders jump; Taiwan exports rise; EU inflation expectations stay low; UST 10yr 4.61%; gold up but oil falls again; NZ$1 = 60.2 USc; TWI-5 = 70.2
12th Oct 23, 7:24am
64
US data positive; Fed minutes take steam out of rate rise thoughts; Japanese machine tool orders jump; Taiwan exports rise; EU inflation expectations stay low; UST 10yr 4.61%; gold up but oil falls again; NZ$1 = 60.2 USc; TWI-5 = 70.2
A review of things you need to know before you sign off on Wednesday; Auckland house completions fall, farmer sentiment at record low, immigration high, swaps little-changed, NZD holds, & more
11th Oct 23, 3:59pm
59
A review of things you need to know before you sign off on Wednesday; Auckland house completions fall, farmer sentiment at record low, immigration high, swaps little-changed, NZD holds, & more
More mortgage borrowers are switching banks but borrowers seem to have reached their home loan obligation limit as rates and payments rise. High LVR borrowers have the fewest choices
11th Oct 23, 10:48am
14
More mortgage borrowers are switching banks but borrowers seem to have reached their home loan obligation limit as rates and payments rise. High LVR borrowers have the fewest choices
US data steady and Fed to ease up on tightening; China dusts off old stimulus playbook; Aussie sentiment varied; IMF keeps global growth forecast steady; UST 10yr 4.66%; gold up but oil slips; NZ$1 = 60.4 USc; TWI-5 = 70.3
11th Oct 23, 7:19am
44
US data steady and Fed to ease up on tightening; China dusts off old stimulus playbook; Aussie sentiment varied; IMF keeps global growth forecast steady; UST 10yr 4.66%; gold up but oil slips; NZ$1 = 60.4 USc; TWI-5 = 70.3
A review of things you need to know before you sign off on Tuesday; QV sees flat market, Kiwibank sees lower card spend, RBNZ sees lower house values, swaps lower, NZD higher, & more
10th Oct 23, 3:59pm
21
A review of things you need to know before you sign off on Tuesday; QV sees flat market, Kiwibank sees lower card spend, RBNZ sees lower house values, swaps lower, NZD higher, & more
Financial markets ignore sudden new geopolitical risks; China returns from holiday in somber business mood; UST 10yr 4.65%; gold and oil up; NZ$1 = 60 USc; TWI-5 = 70.2
10th Oct 23, 7:19am
74
Financial markets ignore sudden new geopolitical risks; China returns from holiday in somber business mood; UST 10yr 4.65%; gold and oil up; NZ$1 = 60 USc; TWI-5 = 70.2
A review of things you need to know before you sign off on Monday; no retail rate changes, milk payout raised, job ads retreat, grocery supplier cost rises ease, Gaza reactions muted in financial markets, swaps stable, NZD firm, & more
9th Oct 23, 3:59pm
60
A review of things you need to know before you sign off on Monday; no retail rate changes, milk payout raised, job ads retreat, grocery supplier cost rises ease, Gaza reactions muted in financial markets, swaps stable, NZD firm, & more
China FX reserves shift away from the US; India uses bond sales to tackle inflation; Japan households spend more; US labour market still very strong; UST 10yr 4.78%; gold up and oil down; NZ$1 = 60 USc; TWI-5 = 70
9th Oct 23, 7:19am
48
China FX reserves shift away from the US; India uses bond sales to tackle inflation; Japan households spend more; US labour market still very strong; UST 10yr 4.78%; gold up and oil down; NZ$1 = 60 USc; TWI-5 = 70
Term deposit savers are basking in recent rate rises, drawing in a rush of funds. But in a rising rate market, we look at how that compares to benchmark rates
7th Oct 23, 9:20am
20
Term deposit savers are basking in recent rate rises, drawing in a rush of funds. But in a rising rate market, we look at how that compares to benchmark rates
[updated]
American labour markets stronger than expected; signs carmaker strikes near end; Canada jobs rise too; India tackles excess liquidity; Japanese spending rises; UST 10yr 4.78%; gold up and oil down; NZ$1 = 60 USc; TWI-5 = 70
7th Oct 23, 7:50am
72
American labour markets stronger than expected; signs carmaker strikes near end; Canada jobs rise too; India tackles excess liquidity; Japanese spending rises; UST 10yr 4.78%; gold up and oil down; NZ$1 = 60 USc; TWI-5 = 70
A review of things you need to know before you sign off on Friday; no retail rate changes, more private dwellings, less new policy, SBS 'wins', swaps on hold, NZD firms, & more
6th Oct 23, 3:59pm
46
A review of things you need to know before you sign off on Friday; no retail rate changes, more private dwellings, less new policy, SBS 'wins', swaps on hold, NZD firms, & more
US jobs and trade data resilient; Canada trade data good; Singapore and South Korea doing ok too; Aussie trade data better; commodity & freight rates lower; UST 10yr 4.72%; gold and oil down; NZ$1 = 59.6 USc; TWI-5 = 69.7
6th Oct 23, 7:19am
63
US jobs and trade data resilient; Canada trade data good; Singapore and South Korea doing ok too; Aussie trade data better; commodity & freight rates lower; UST 10yr 4.72%; gold and oil down; NZ$1 = 59.6 USc; TWI-5 = 69.7
A review of things you need to know before you sign off on Thursday; a few home loan rate changes, year-end Govt accounts released, commodity prices up, Tatua shines again, swaps unchanged, NZD firms, & more
5th Oct 23, 3:59pm
60
A review of things you need to know before you sign off on Thursday; a few home loan rate changes, year-end Govt accounts released, commodity prices up, Tatua shines again, swaps unchanged, NZD firms, & more
US data mixed with mortgage applications & jobs data weaker, factory orders and PMIs strong; Japan services strong; China office vacancy levels very weak; UST 10yr 4.74%; gold and oil down; NZ$1 = 59.2 USc; TWI-5 = 69.4
5th Oct 23, 7:19am
79
US data mixed with mortgage applications & jobs data weaker, factory orders and PMIs strong; Japan services strong; China office vacancy levels very weak; UST 10yr 4.74%; gold and oil down; NZ$1 = 59.2 USc; TWI-5 = 69.4
A review of things you need to know before you sign off on Wednesday; no retail rate changes, RBNZ delivers a hawkish hold as expected, dairy prices up, Westpac eases conditions, swaps up, NZD down, & more
4th Oct 23, 3:58pm
35
A review of things you need to know before you sign off on Wednesday; no retail rate changes, RBNZ delivers a hawkish hold as expected, dairy prices up, Westpac eases conditions, swaps up, NZD down, & more
Dairy prices up again; US labour markets strong; bond market faces huge losses; India PMI healthy; Aussie housing wobbles; UST 10yr 4.81%; gold down and oil holds; NZ$1 = 59 USc; TWI-5 = 69.5
4th Oct 23, 7:19am
67
Dairy prices up again; US labour markets strong; bond market faces huge losses; India PMI healthy; Aussie housing wobbles; UST 10yr 4.81%; gold down and oil holds; NZ$1 = 59 USc; TWI-5 = 69.5
Reserve Bank of Australia sings the same tune under new Governor Bullock as with Philip Lowe, says inflation is on the way down, but that there are 'significant uncertainties' especially around persistent services inflation
3rd Oct 23, 4:38pm
3
Reserve Bank of Australia sings the same tune under new Governor Bullock as with Philip Lowe, says inflation is on the way down, but that there are 'significant uncertainties' especially around persistent services inflation
A review of things you need to know before you sign off on Tuesday; Rabobank raises TD rates, Barfoots September nearly at long-run average, QSBO points to softer labour market, NPLs rise, swaps up, NZD lower, & more
3rd Oct 23, 3:59pm
55
A review of things you need to know before you sign off on Tuesday; Rabobank raises TD rates, Barfoots September nearly at long-run average, QSBO points to softer labour market, NPLs rise, swaps up, NZD lower, & more
World Bank cuts 2024 China growth forecast sharply; US PMIs 'better'; Powell focused on full employment; Japan sentiment up; Sydney house prices recover; UST 10yr 4.68%; gold and oil fall; NZ$1 = 59.5 USc; TWI-5 = 69.8
3rd Oct 23, 7:19am
69
World Bank cuts 2024 China growth forecast sharply; US PMIs 'better'; Powell focused on full employment; Japan sentiment up; Sydney house prices recover; UST 10yr 4.68%; gold and oil fall; NZ$1 = 59.5 USc; TWI-5 = 69.8
A review of things you need to know before you sign off on Monday; some retail rate increases, building consents stumble, newer cars sold, fewer listings, longer weather forecasts, swaps up, NZD stays firm, & more
2nd Oct 23, 3:59pm
65
A review of things you need to know before you sign off on Monday; some retail rate increases, building consents stumble, newer cars sold, fewer listings, longer weather forecasts, swaps up, NZD stays firm, & more
The shift to electric cars and hybrids is happening fast. But to make a meaningful dent in our passenger car fleet before 2040, the adoption rate will need to pick up significantly from here
2nd Oct 23, 10:25am
139
The shift to electric cars and hybrids is happening fast. But to make a meaningful dent in our passenger car fleet before 2040, the adoption rate will need to pick up significantly from here
China struggles to regain momentum; Japan retail surges; US manages last-ditch budget compromise; EU inflation retreats; eyes on RBA & RBNZ; UST 10yr 4.58%; gold down again and oil slips; NZ$1 = 60 USc; TWI-5 = 69.9
2nd Oct 23, 7:19am
16
China struggles to regain momentum; Japan retail surges; US manages last-ditch budget compromise; EU inflation retreats; eyes on RBA & RBNZ; UST 10yr 4.58%; gold down again and oil slips; NZ$1 = 60 USc; TWI-5 = 69.9
While the number of mortgage top-ups have fallen, they are still a very popular way of funding big personal projects. And the data suggests they are being used more for home renovations as other uses fall away
30th Sep 23, 10:00am
12
While the number of mortgage top-ups have fallen, they are still a very popular way of funding big personal projects. And the data suggests they are being used more for home renovations as other uses fall away