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
Kiwi buyers turn their backs on internal combustion engines, increasingly favouring pure electric vehicles. But they are not turning their backs on SUVs
10th Dec 22, 11:18am
72
Kiwi buyers turn their backs on internal combustion engines, increasingly favouring pure electric vehicles. But they are not turning their backs on SUVs
US PPI remains elevated with inventories; China's CPI and PPI close to deflating; EU confident on energy resilience; Fed's balance sheet retreat continues; UST 10yr 3.56%; gold up and oil down again; NZ$1 = 64.2 USc; TWI-5 = 72.6
10th Dec 22, 8:41am
29
US PPI remains elevated with inventories; China's CPI and PPI close to deflating; EU confident on energy resilience; Fed's balance sheet retreat continues; UST 10yr 3.56%; gold up and oil down again; NZ$1 = 64.2 USc; TWI-5 = 72.6
A review of things you need to know before you sign off on Friday: Kiwibank raises fixed rates, electronic card use up, wage inflation high, eyes on BOP deficit, swap rates firm, NZD up, & more
9th Dec 22, 3:59pm
33
A review of things you need to know before you sign off on Friday: Kiwibank raises fixed rates, electronic card use up, wage inflation high, eyes on BOP deficit, swap rates firm, NZD up, & more
Kiwibank raises fixed home loan rates, adding impetus to key mortgage rates rising to 11-year highs. But no bank has yet followed wholesale rates into an inversion
9th Dec 22, 12:21pm
12
Kiwibank raises fixed home loan rates, adding impetus to key mortgage rates rising to 11-year highs. But no bank has yet followed wholesale rates into an inversion
US jobless claims rise; American inflation pressures ease; China teams up with Saudi Arabia; container shipping rates fall again; UST 10yr 3.49%; gold up but oil down; NZ$1 = 63.8 USc; TWI-5 = 72.1
9th Dec 22, 7:23am
99
US jobless claims rise; American inflation pressures ease; China teams up with Saudi Arabia; container shipping rates fall again; UST 10yr 3.49%; gold up but oil down; NZ$1 = 63.8 USc; TWI-5 = 72.1
[updated]
A review of things you need to know before you sign off on Thursday; Kiwi Bond rates rise sharply, Fonterra and Air NZ report better profits, councils report higher income, swaps stable, NZD firm, & more
8th Dec 22, 4:45pm
58
A review of things you need to know before you sign off on Thursday; Kiwi Bond rates rise sharply, Fonterra and Air NZ report better profits, councils report higher income, swaps stable, NZD firm, & more
US data mixed; Canada hikes with dovish signals; China relaxes more than expected; India hikes with hawkish signals; Aussie GDP exposes steep inflation; UST 10yr 3.44%; gold up but oil lower; NZ$1 = 63.6 USc; TWI-5 = 72.2
8th Dec 22, 7:19am
156
US data mixed; Canada hikes with dovish signals; China relaxes more than expected; India hikes with hawkish signals; Aussie GDP exposes steep inflation; UST 10yr 3.44%; gold up but oil lower; NZ$1 = 63.6 USc; TWI-5 = 72.2
[updated]
A review of things you need to know before you sign off on Wednesday; dairy prices hold, carbon prices fall, spending patterns change, taxes rise fast, FLP ends, auctions quiet, swaps firm, NZD unchanged, & more
7th Dec 22, 3:59pm
89
A review of things you need to know before you sign off on Wednesday; dairy prices hold, carbon prices fall, spending patterns change, taxes rise fast, FLP ends, auctions quiet, swaps firm, NZD unchanged, & more
Dairy prices slip in NZD; US retail soft; supply chain pressures ease; China's debt levels get dangerous; German factory orders rise; RBA hikes; UST 10yr 3.56%; gold and oil lower; NZ$1 = 63.4 USc; TWI-5 = 71.9
7th Dec 22, 7:28am
94
Dairy prices slip in NZD; US retail soft; supply chain pressures ease; China's debt levels get dangerous; German factory orders rise; RBA hikes; UST 10yr 3.56%; gold and oil lower; NZ$1 = 63.4 USc; TWI-5 = 71.9
[updated]
A review of things you need to know before you sign off on Tuesday; BNZ raises less than rivals, real estate agents gloomy; construction peaks, mountains of cash lying around, swaps firm, NZD slips, & more
6th Dec 22, 3:59pm
41
A review of things you need to know before you sign off on Tuesday; BNZ raises less than rivals, real estate agents gloomy; construction peaks, mountains of cash lying around, swaps firm, NZD slips, & more
BNZ chooses a lower rate track for its floating and fixed rate offers following last week's 75 basis points RBNZ OCR hike
6th Dec 22, 9:38am
8
BNZ chooses a lower rate track for its floating and fixed rate offers following last week's 75 basis points RBNZ OCR hike
US data surprises markets with strength; China faces only bad options; EU retail sales weak; Aussie services contract further; eyes on RBA; UST 10yr 3.59%; gold and oil lower; NZ$1 = 63.1 USc; TWI-5 = 71.6
6th Dec 22, 7:21am
81
US data surprises markets with strength; China faces only bad options; EU retail sales weak; Aussie services contract further; eyes on RBA; UST 10yr 3.59%; gold and oil lower; NZ$1 = 63.1 USc; TWI-5 = 71.6
[updated]
A review of things you need to know before you sign off on Monday; few retail rate changes, Barfoot sales activity sinks, commodity prices fall, new car sales stay high, swaps slip, NZD holds high, & more
5th Dec 22, 3:59pm
36
A review of things you need to know before you sign off on Monday; few retail rate changes, Barfoot sales activity sinks, commodity prices fall, new car sales stay high, swaps slip, NZD holds high, & more
China bails out property developers; Japanese births dive; EU PPI falls; US labour markets rise (again); ditto Canada; Aussie wins with carbon; food prices dip; UST 10yr 3.49%; gold and oil lower; NZ$1 = 64.1 USc; TWI-5 = 72.4
5th Dec 22, 7:19am
86
China bails out property developers; Japanese births dive; EU PPI falls; US labour markets rise (again); ditto Canada; Aussie wins with carbon; food prices dip; UST 10yr 3.49%; gold and oil lower; NZ$1 = 64.1 USc; TWI-5 = 72.4
Wholesales swap rates are their most inverted since before the GFC. Mortgage rates are flat and looking like following them. What does this mean for home loan borrowers?
4th Dec 22, 8:30am
23
Wholesales swap rates are their most inverted since before the GFC. Mortgage rates are flat and looking like following them. What does this mean for home loan borrowers?
US labour market better than expected in November; Canada's improvement confirmed; China's property pressures mount; EU PPI retreats; Food prices slip; UST 10yr 3.53%; gold and oil lower; NZ$1 = 64 USc; TWI-5 = 72.3
3rd Dec 22, 8:23am
11
US labour market better than expected in November; Canada's improvement confirmed; China's property pressures mount; EU PPI retreats; Food prices slip; UST 10yr 3.53%; gold and oil lower; NZ$1 = 64 USc; TWI-5 = 72.3
A review of things you need to know before you sign off on Friday; many rate rises by many banks, bracket creep and inflation deliver windfall taxes, trade deficit worse, swaps lower, NZD higher, & more
2nd Dec 22, 3:59pm
84
A review of things you need to know before you sign off on Friday; many rate rises by many banks, bracket creep and inflation deliver windfall taxes, trade deficit worse, swaps lower, NZD higher, & more
Big reactions to Powell speech; US labour markets stay upbeat but factories turn lower; China set to ease restrictions; global trade turns lower; UST 10yr 3.55%; gold and oil up again; NZ$1 = 63.7 USc; TWI-5 = 72
2nd Dec 22, 7:21am
104
Big reactions to Powell speech; US labour markets stay upbeat but factories turn lower; China set to ease restrictions; global trade turns lower; UST 10yr 3.55%; gold and oil up again; NZ$1 = 63.7 USc; TWI-5 = 72
[updated]
A review of things you need to know before you sign off on Thursday; few rate changes, new browser tool, loan arrears rise, house values fall, NZDMO bond fizzer, swaps unchanged, NZD rises, & more
1st Dec 22, 3:59pm
63
A review of things you need to know before you sign off on Thursday; few rate changes, new browser tool, loan arrears rise, house values fall, NZDMO bond fizzer, swaps unchanged, NZD rises, & more
American Q3 data revised up, but current data all going soft; China's PMI contract faster; India growth slows; EU inflation dips; German labour market strong; UST 10yr 3.77%; gold and oil up; NZ$1 = 62.4 USc; TWI-5 = 71.5
1st Dec 22, 7:21am
96
American Q3 data revised up, but current data all going soft; China's PMI contract faster; India growth slows; EU inflation dips; German labour market strong; UST 10yr 3.77%; gold and oil up; NZ$1 = 62.4 USc; TWI-5 = 71.5
A review of things you need to know before you sign off on Wednesday; fixed & floating rate hikes start to flow through, fewer building consents, lower business confidence, households like higher TD rates, swaps firm, NZD holds, & more
30th Nov 22, 3:59pm
43
A review of things you need to know before you sign off on Wednesday; fixed & floating rate hikes start to flow through, fewer building consents, lower business confidence, households like higher TD rates, swaps firm, NZD holds, & more
[updated]
Mixed in with ANZ's floating mortgage rate & term deposit rate hikes, are chunky fixed mortgage rate hikes too. But wholesale rates influential for fixed home loan rates are falling. Opportunities for borrowers are opening up
30th Nov 22, 12:13pm
90
Mixed in with ANZ's floating mortgage rate & term deposit rate hikes, are chunky fixed mortgage rate hikes too. But wholesale rates influential for fixed home loan rates are falling. Opportunities for borrowers are opening up
[updated]
Term deposit rates have jumped this week following the big OCR rise last week, and most banks are still yet to move up. But we suggest these recent rises lag what has been 'normal'. There is room for 'more' - but only if the general economy allows it
30th Nov 22, 7:29am
27
Term deposit rates have jumped this week following the big OCR rise last week, and most banks are still yet to move up. But we suggest these recent rises lag what has been 'normal'. There is room for 'more' - but only if the general economy allows it
US retail delivers real gains, but sentiment wavers; Canadian growth impresses; Japan retail soft; reprisals start in China; German inflation tops out; EU sentiment holds; UST 10yr 3.73%; gold and oil up; NZ$1 = 62 USc; TWI-5 = 70.9
30th Nov 22, 7:19am
166
US retail delivers real gains, but sentiment wavers; Canadian growth impresses; Japan retail soft; reprisals start in China; German inflation tops out; EU sentiment holds; UST 10yr 3.73%; gold and oil up; NZ$1 = 62 USc; TWI-5 = 70.9
A review of things you need to know before you sign off on Tuesday; ANZ kicks off the OCR hike flow-through, auction activity weak, WCC gets S&P 'negative outlook', swaps little-changed, NZD soft, & more
29th Nov 22, 3:59pm
65
A review of things you need to know before you sign off on Tuesday; ANZ kicks off the OCR hike flow-through, auction activity weak, WCC gets S&P 'negative outlook', swaps little-changed, NZD soft, & more