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
US inflation eases; Beige Book shows modest expansion; US may get its soft landing; Canada raises rates; India inflation rises; China rolls out CBDC; UST 10yr 3.86%; gold and oil up; NZ$1 = 63 USc; TWI-5 = 70.5
13th Jul 23, 7:32am
49
US inflation eases; Beige Book shows modest expansion; US may get its soft landing; Canada raises rates; India inflation rises; China rolls out CBDC; UST 10yr 3.86%; gold and oil up; NZ$1 = 63 USc; TWI-5 = 70.5
A review of things you need to know before you sign off on Wednesday; no retail rates changes, none for the OCR either, no capital gains or wealth taxes, more workers arrive, swaps soft, NZD holds, & more
12th Jul 23, 4:00pm
36
A review of things you need to know before you sign off on Wednesday; no retail rates changes, none for the OCR either, no capital gains or wealth taxes, more workers arrive, swaps soft, NZD holds, & more
US data lackluster; China gets bounce in new yuan loans; Japan gets ready for a change in monetary policy; Aussie sentiment improves; UST 10yr 3.97%; gold and oil up; NZ$1 = 61.9 USc; TWI-5 = 70
12th Jul 23, 7:18am
61
US data lackluster; China gets bounce in new yuan loans; Japan gets ready for a change in monetary policy; Aussie sentiment improves; UST 10yr 3.97%; gold and oil up; NZ$1 = 61.9 USc; TWI-5 = 70
[updated]
A review of things you need to know before you sign off on Tuesday; BNZ & ANZ home loan changes, house values still falling, Grocery Commissioner named, Aussie data soft, swaps fall, NZD still firm, & more
11th Jul 23, 3:58pm
44
A review of things you need to know before you sign off on Tuesday; BNZ & ANZ home loan changes, house values still falling, Grocery Commissioner named, Aussie data soft, swaps fall, NZD still firm, & more
BNZ moves some fixed home loan rates up but not by as much as some key rivals. Wholesale rate increases have been driving the shift higher
11th Jul 23, 8:30am
31
BNZ moves some fixed home loan rates up but not by as much as some key rivals. Wholesale rate increases have been driving the shift higher
US inflation pressures ease; US consumers resist more personal debt; China extends & pretends; China faces deflation threat; UST 10yr 3.99%; gold and oil hold; NZ$1 = 62.1 USc; TWI-5 = 70.3
11th Jul 23, 7:19am
35
US inflation pressures ease; US consumers resist more personal debt; China extends & pretends; China faces deflation threat; UST 10yr 3.99%; gold and oil hold; NZ$1 = 62.1 USc; TWI-5 = 70.3
[updated]
A review of things you need to know before you sign off on Monday; Supermarket supplier cost rises moderating, EU FTA signed, China inflation flat & more
10th Jul 23, 3:58pm
51
A review of things you need to know before you sign off on Monday; Supermarket supplier cost rises moderating, EU FTA signed, China inflation flat & more
US jobs growth cools but rises in Canada; China's car sales recover; Japanese households prioritise saving; world food prices ease; UST 10yr 4.07%; gold and oil hold; NZ$1 = 62.1 USc; TWI-5 = 70.3
10th Jul 23, 7:20am
67
US jobs growth cools but rises in Canada; China's car sales recover; Japanese households prioritise saving; world food prices ease; UST 10yr 4.07%; gold and oil hold; NZ$1 = 62.1 USc; TWI-5 = 70.3
US payroll expansion probably stronger than it looks; Canada payrolls jump too; China's FX reserves swell; Taiwan exports drop hard; world food prices ease; UST 10yr 4.07%; gold and oil firmer; NZ$1 = 62.1 USc; TWI-5 = 70.3
8th Jul 23, 8:44am
39
US payroll expansion probably stronger than it looks; Canada payrolls jump too; China's FX reserves swell; Taiwan exports drop hard; world food prices ease; UST 10yr 4.07%; gold and oil firmer; NZ$1 = 62.1 USc; TWI-5 = 70.3
A review of things you need to know before you sign off on Friday; few more retail rate rises, retailers report tough winter conditions, wholesale rates rise very sharply, NZD slips, & more
7th Jul 23, 3:59pm
59
A review of things you need to know before you sign off on Friday; few more retail rate rises, retailers report tough winter conditions, wholesale rates rise very sharply, NZD slips, & more
US labour market signals strong; US services sector resilient; Australia posts another monster trade surplus; China heat and floods hurt; German factory orders jump; UST 10yr 4.05%; gold and oil soft; NZ$1 = 61.5 USc; TWI-5 = 70.2
7th Jul 23, 7:19am
61
US labour market signals strong; US services sector resilient; Australia posts another monster trade surplus; China heat and floods hurt; German factory orders jump; UST 10yr 4.05%; gold and oil soft; NZ$1 = 61.5 USc; TWI-5 = 70.2
Three of the five main banks have now pushed through higher home loan rates. Two of them have also raised some longer term deposit rates. In the background, some wholesale swap rates pushed on up to 15 year highs
6th Jul 23, 5:53pm
48
Three of the five main banks have now pushed through higher home loan rates. Two of them have also raised some longer term deposit rates. In the background, some wholesale swap rates pushed on up to 15 year highs
[updated]
A review of things you need to know before you sign off on Thursday; Westpac moves rates up, net worth falls but we are still saving, Auckland new house completions still high, swaps firm, NZD stable, & more
6th Jul 23, 3:59pm
57
A review of things you need to know before you sign off on Thursday; Westpac moves rates up, net worth falls but we are still saving, Auckland new house completions still high, swaps firm, NZD stable, & more
US data modestly positive; Fed minutes move bond yields; China services expansion slows; Services expansions rise in Japan and India; air cargo demand still weak; UST 10yr 3.94%; gold and oil firmer; NZ$1 = 61.9 USc; TWI-5 = 70.5
6th Jul 23, 7:19am
53
US data modestly positive; Fed minutes move bond yields; China services expansion slows; Services expansions rise in Japan and India; air cargo demand still weak; UST 10yr 3.94%; gold and oil firmer; NZ$1 = 61.9 USc; TWI-5 = 70.5
A review of things you need to know before you sign off on Wednesday; no-one has followed ASB up yet, Barfoots flat, CoreLogic says its down, dairy prices lower, Westpac keeps Govt banking, swaps up, NZD up, & more
5th Jul 23, 3:59pm
53
A review of things you need to know before you sign off on Wednesday; no-one has followed ASB up yet, Barfoots flat, CoreLogic says its down, dairy prices lower, Westpac keeps Govt banking, swaps up, NZD up, & more
Dairy prices drop more than expected; China retaliates on de-risking; China drops TD rates further; RBA holds; global temperatures hits new record high; UST 10yr 3.86%; gold and oil firmer; NZ$1 = 62 USc; TWI-5 = 70.4
5th Jul 23, 7:19am
54
Dairy prices drop more than expected; China retaliates on de-risking; China drops TD rates further; RBA holds; global temperatures hits new record high; UST 10yr 3.86%; gold and oil firmer; NZ$1 = 62 USc; TWI-5 = 70.4
[updated]
A review of things you need to know before you sign off on Tuesday; no retail rate changes, QSBO less pessimistic, eyes on dairy prices, eyes on RBA and Aussie mortgage stress, swaps and NZD stable, & more
4th Jul 23, 3:59pm
28
A review of things you need to know before you sign off on Tuesday; no retail rate changes, QSBO less pessimistic, eyes on dairy prices, eyes on RBA and Aussie mortgage stress, swaps and NZD stable, & more
Globally factory activity slows; DBS parks massive excess deposit base; Aussie house prices rise; commercial property values cut; UST 10yr 3.86%; gold and oil little-changed; NZ$1 = 61.5 USc; TWI-5 = 69.9
4th Jul 23, 7:24am
43
Globally factory activity slows; DBS parks massive excess deposit base; Aussie house prices rise; commercial property values cut; UST 10yr 3.86%; gold and oil little-changed; NZ$1 = 61.5 USc; TWI-5 = 69.9
A review of things you need to know before you sign off on Monday; ASB drives mortgage rates higher, Heartland TD rates; mortgage stress emerges; building permits slide; car buying splurge; swaps firm, NZD stable, & much more
3rd Jul 23, 4:01pm
30
A review of things you need to know before you sign off on Monday; ASB drives mortgage rates higher, Heartland TD rates; mortgage stress emerges; building permits slide; car buying splurge; swaps firm, NZD stable, & much more
[updated]
July kicks off with a sharp hike by ASB to its one year fixed mortgage rate, taking it to its highest since late 2008. Will rivals follow?
3rd Jul 23, 10:25am
101
July kicks off with a sharp hike by ASB to its one year fixed mortgage rate, taking it to its highest since late 2008. Will rivals follow?
Globally, eyes on weather disruptions; China data soft, yuan weak; Japan data strong, yen weak; US data positive, eyes on payrolls; UST 10yr 3.84%; gold and oil unchanged; NZ$1 = 61.4 USc; TWI-5 = 69.8
3rd Jul 23, 7:19am
65
Globally, eyes on weather disruptions; China data soft, yuan weak; Japan data strong, yen weak; US data positive, eyes on payrolls; UST 10yr 3.84%; gold and oil unchanged; NZ$1 = 61.4 USc; TWI-5 = 69.8
US reveals more positive data; China's PMIs concerning, steel industry struggles; Japan industry jumps; Canberra reveals monster May surplus; UST 10yr 3.84%; gold and oil up; NZ$1 = 61.4 USc; TWI-5 = 69.8
1st Jul 23, 8:46am
90
US reveals more positive data; China's PMIs concerning, steel industry struggles; Japan industry jumps; Canberra reveals monster May surplus; UST 10yr 3.84%; gold and oil up; NZ$1 = 61.4 USc; TWI-5 = 69.8
A review of things you need to know before you sign off on Friday; consumer sentiment rises, Westpac seeks T1 bond funding, farm sales very low, households pile in to TDs, swaps jump, NZD low & stable, & more
30th Jun 23, 3:58pm
58
A review of things you need to know before you sign off on Friday; consumer sentiment rises, Westpac seeks T1 bond funding, farm sales very low, households pile in to TDs, swaps jump, NZD low & stable, & more
US data mostly quite positive; China struggles and yuan devalues further; Japanese strength rises; EU inflation stays high; global freight rates fall again; UST 10yr 3.85%; gold lower and oil unchanged; NZ$1 = 60.7 USc; TWI-5 = 69.2
30th Jun 23, 7:31am
83
US data mostly quite positive; China struggles and yuan devalues further; Japanese strength rises; EU inflation stays high; global freight rates fall again; UST 10yr 3.85%; gold lower and oil unchanged; NZ$1 = 60.7 USc; TWI-5 = 69.2
[updated]
A review of things you need to know before you sign off on Thursday; business sentiment makes surprise jump, Tiger pinged, Banking Ombudsman pushes banks, swaps and NZD stable
29th Jun 23, 3:59pm
77
A review of things you need to know before you sign off on Thursday; business sentiment makes surprise jump, Tiger pinged, Banking Ombudsman pushes banks, swaps and NZD stable