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
Xi promises 'incomparable glory' for China; China inflation stays low; US retail sales miss forecasts; sharp UK u-turn; UST 10yr 4.02%; gold up and oil unchanged; NZ$1 = 55.6 USc; TWI-5 = 66.5
17th Oct 22, 7:19am
141
Xi promises 'incomparable glory' for China; China inflation stays low; US retail sales miss forecasts; sharp UK u-turn; UST 10yr 4.02%; gold up and oil unchanged; NZ$1 = 55.6 USc; TWI-5 = 66.5
Investors have nowhere to hide; borrowers face much higher costs; US retail sales hold; Chinese inflation low; UK does U-turn; UST 10yr 4.02%; gold and oil down; NZ$1 = 55.6 USc; TWI-5 = 66.5
15th Oct 22, 9:01am
87
Investors have nowhere to hide; borrowers face much higher costs; US retail sales hold; Chinese inflation low; UK does U-turn; UST 10yr 4.02%; gold and oil down; NZ$1 = 55.6 USc; TWI-5 = 66.5
[updated]
A review of things you need to know before you sign off on Friday; more retail rate changes, PMI expansion softens, final Christchurch Trust grants?, Chinese inflation stays low, swaps up, NZD firms, & more
14th Oct 22, 3:59pm
107
A review of things you need to know before you sign off on Friday; more retail rate changes, PMI expansion softens, final Christchurch Trust grants?, Chinese inflation stays low, swaps up, NZD firms, & more
US inflation sticks high; US jobless claims at record low; Japan's PPI very high; China struggles; container freight rates fall sharply again; UST 10yr 3.94%; gold down and oil up; NZ$1 = 56.3 USc; TWI-5 = 66.9
14th Oct 22, 7:26am
177
US inflation sticks high; US jobless claims at record low; Japan's PPI very high; China struggles; container freight rates fall sharply again; UST 10yr 3.94%; gold down and oil up; NZ$1 = 56.3 USc; TWI-5 = 66.9
A review of things you need to know before you sign off on Thursday; final main bank raises its floating rate, food prices up, QV sees fast-falling home values, no sign of mortgage stress yet, swaps stable, NZD holds, & more
13th Oct 22, 3:59pm
75
A review of things you need to know before you sign off on Thursday; final main bank raises its floating rate, food prices up, QV sees fast-falling home values, no sign of mortgage stress yet, swaps stable, NZD holds, & more
US Fed minutes unsurprising; Japanese machine tool orders rise; Korea raises rates +50 bps; Indian factories stumble; UK turmoil intensifies; UST 10yr 3.90%; gold and oil down; NZ$1 = 56 USc; TWI-5 = 66.9
13th Oct 22, 7:21am
84
US Fed minutes unsurprising; Japanese machine tool orders rise; Korea raises rates +50 bps; Indian factories stumble; UK turmoil intensifies; UST 10yr 3.90%; gold and oil down; NZ$1 = 56 USc; TWI-5 = 66.9
A review of things you need to know before you sign off on Wednesday; finally more floating rate hikes come, many TD rises too, housing market struggles, borders reopening, swaps firmer again, NZD firmer, & more
12th Oct 22, 3:59pm
41
A review of things you need to know before you sign off on Wednesday; finally more floating rate hikes come, many TD rises too, housing market struggles, borders reopening, swaps firmer again, NZD firmer, & more
US inflation expectations fall; China bank loans jump; UK continues emergency support; Aussie business sentiment falls; IMF says worst yet to come; UST 10yr 3.89%; gold up and oil down; NZ$1 = 56.5 USc; TWI-5 = 67.1
12th Oct 22, 7:19am
58
US inflation expectations fall; China bank loans jump; UK continues emergency support; Aussie business sentiment falls; IMF says worst yet to come; UST 10yr 3.89%; gold up and oil down; NZ$1 = 56.5 USc; TWI-5 = 67.1
[updated]
Most banks have been slow to respond to the October 5 RBNZ +50 bps hike to the OCR. They are only now getting around to making floating rate adjustments with Westpac, and now ASB & BNZ seven days after the OCR change
11th Oct 22, 4:31pm
21
Most banks have been slow to respond to the October 5 RBNZ +50 bps hike to the OCR. They are only now getting around to making floating rate adjustments with Westpac, and now ASB & BNZ seven days after the OCR change
[updated]
A review of things you need to know before you sign off on Tuesday; still no more OCR-induced rate hikes, retail activity rises, more trucking activity, HWEN fights, swaps rise again, NZD falls again, & more
11th Oct 22, 3:59pm
65
A review of things you need to know before you sign off on Tuesday; still no more OCR-induced rate hikes, retail activity rises, more trucking activity, HWEN fights, swaps rise again, NZD falls again, & more
The USD rises; Russia lashes out; wheat prices rise; UK's pension fund rescue extended; Bernanke wins; Australia service sectors retreats; OECD warns against bracket creep; UST 10yr 3.89%; gold and oil lower; NZ$1 = 55.6 USc; TWI-5 = 66.2
11th Oct 22, 7:19am
172
The USD rises; Russia lashes out; wheat prices rise; UK's pension fund rescue extended; Bernanke wins; Australia service sectors retreats; OECD warns against bracket creep; UST 10yr 3.89%; gold and oil lower; NZ$1 = 55.6 USc; TWI-5 = 66.2
A review of things you need to know before you sign off on Monday; still no-one but ANZ have raised floating rates, retail outlook grim on the price front, fewer house auctions, more FLP drawn, swaps up, NZD holds low, & more
10th Oct 22, 3:59pm
41
A review of things you need to know before you sign off on Monday; still no-one but ANZ have raised floating rates, retail outlook grim on the price front, fewer house auctions, more FLP drawn, swaps up, NZD holds low, & more
Banks may be offering about -1% less for term deposits now than they have historically, when compared to the wholesale cost of money. And the RBNZ is calling them out on it
10th Oct 22, 11:15am
51
Banks may be offering about -1% less for term deposits now than they have historically, when compared to the wholesale cost of money. And the RBNZ is calling them out on it
China service sector stutters; Taiwan exports dive; US jobs growth stable; US consumer debt up; food cost pressure eases; UST 10yr 3.89%; gold down and oil up; NZ$1 = 56.1 USc; TWI-5 = 66.6
10th Oct 22, 7:19am
62
China service sector stutters; Taiwan exports dive; US jobs growth stable; US consumer debt up; food cost pressure eases; UST 10yr 3.89%; gold down and oil up; NZ$1 = 56.1 USc; TWI-5 = 66.6
Solid US jobs growth continues; strong consumer credit growth too; Canada jobs grow; Taiwan exports dive; German retail sales fall; Aussie tax cuts questioned; UST 10yr 3.88%; gold down and oil up; NZ$1 = 56.2 USc; TWI-5 = 66.7
8th Oct 22, 8:37am
155
Solid US jobs growth continues; strong consumer credit growth too; Canada jobs grow; Taiwan exports dive; German retail sales fall; Aussie tax cuts questioned; UST 10yr 3.88%; gold down and oil up; NZ$1 = 56.2 USc; TWI-5 = 66.7
A review of things you need to know before you sign off on Friday; ANZ leads with floating rate hikes, big jump in new home completions, card tracker reveals who holds your details, swaps up, NZD down, & more
7th Oct 22, 3:59pm
35
A review of things you need to know before you sign off on Friday; ANZ leads with floating rate hikes, big jump in new home completions, card tracker reveals who holds your details, swaps up, NZD down, & more
ANZ is the first bank to raise floating mortgage rates following the Wednesday OCR hike. They are passing through the full +50 bps to floating rate borrowers, but only +40 bps to Serious Savers
7th Oct 22, 12:21pm
86
ANZ is the first bank to raise floating mortgage rates following the Wednesday OCR hike. They are passing through the full +50 bps to floating rate borrowers, but only +40 bps to Serious Savers
US labour market tight & stable; China uses debt as weapon; investors withdrawing from China; EU data weak; air travel booms again; freight rates fall; UST 10yr 3.81%; gold and oil on hold; NZ$1 = 56.6 USc; TWI-5 = 66.9
7th Oct 22, 7:24am
84
US labour market tight & stable; China uses debt as weapon; investors withdrawing from China; EU data weak; air travel booms again; freight rates fall; UST 10yr 3.81%; gold and oil on hold; NZ$1 = 56.6 USc; TWI-5 = 66.9
[updated]
A review of things you need to know before you sign off on Thursday; no floating rate rise announcements yet, commodity prices slip, more real estate agents, swaps firm, NZD holds, and more
6th Oct 22, 3:59pm
40
A review of things you need to know before you sign off on Thursday; no floating rate rise announcements yet, commodity prices slip, more real estate agents, swaps firm, NZD holds, and more
US service sector rises; US jobs growth up; US trade deficit falls; Japan's service sector up; Aussie retail sales improve; ASIC challenges 'interest free' pitch; UST 10yr 3.76%; gold down and oil up; NZ$1 = 57.1 USc; TWI-5 = 67.2
6th Oct 22, 7:28am
116
US service sector rises; US jobs growth up; US trade deficit falls; Japan's service sector up; Aussie retail sales improve; ASIC challenges 'interest free' pitch; UST 10yr 3.76%; gold down and oil up; NZ$1 = 57.1 USc; TWI-5 = 67.2
A review of things you need to know before you sign off on Wednesday; RBNZ does its thing but banks yet to move, Crown accounts confirm Gov't dominant presence in economy, farmers more confident, spending holds, swaps uncertain, NZD up, & more
5th Oct 22, 3:59pm
73
A review of things you need to know before you sign off on Wednesday; RBNZ does its thing but banks yet to move, Crown accounts confirm Gov't dominant presence in economy, farmers more confident, spending holds, swaps uncertain, NZD up, & more
Dairy prices fall; US retail activity rises; pressure on US labour market eases; EU PPI rises extreme; RBA turns dovish; AU building consents jump; UST 10yr 3.63%; gold and oil up; NZ$1 = 57.5 USc; TWI-5 = 67.2
5th Oct 22, 7:23am
73
Dairy prices fall; US retail activity rises; pressure on US labour market eases; EU PPI rises extreme; RBA turns dovish; AU building consents jump; UST 10yr 3.63%; gold and oil up; NZ$1 = 57.5 USc; TWI-5 = 67.2
[updated]
A review of things you need to know before you sign off on Tuesday; few retail rate changes ahead of the RBNZ review, credit card fees start to rise, inflation pressures ease, swap rates fall, NZD rises, & more
4th Oct 22, 3:59pm
47
A review of things you need to know before you sign off on Tuesday; few retail rate changes ahead of the RBNZ review, credit card fees start to rise, inflation pressures ease, swap rates fall, NZD rises, & more
Risk-on but data weakens; global factories slip except in India; Credit Suisse battles rumours; Brazil goes to a runoff election; UST 10yr 3.65%; gold and oil up; NZ$1 = 57.1 USc; TWI-5 = 67.3
4th Oct 22, 7:23am
99
Risk-on but data weakens; global factories slip except in India; Credit Suisse battles rumours; Brazil goes to a runoff election; UST 10yr 3.65%; gold and oil up; NZ$1 = 57.1 USc; TWI-5 = 67.3
A review of things you need to know before you sign off on Monday; under 5% mortgage rates near end, Spring selling season weak, car sales soft, wholesale electricity prices low, swaps stable, NZD firms, & more
3rd Oct 22, 3:59pm
70
A review of things you need to know before you sign off on Monday; under 5% mortgage rates near end, Spring selling season weak, car sales soft, wholesale electricity prices low, swaps stable, NZD firms, & more