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
Dairy prices rise unexpectedly; US service sector expands faster but logistics industry eases; China economic news goes quiet; Yen sinks; RBA hikes, signals more; UST 10yr 3.33%; gold and oil down; NZ$1 = 60.5 USc; TWI-5 = 70.3
7th Sep 22, 7:20am
83
Dairy prices rise unexpectedly; US service sector expands faster but logistics industry eases; China economic news goes quiet; Yen sinks; RBA hikes, signals more; UST 10yr 3.33%; gold and oil down; NZ$1 = 60.5 USc; TWI-5 = 70.3
The Reserve Bank of Australia raises its cash rate target by +50 bps to 2.35% as expected and isn't seeing any reason to expect CPI inflation lower than 7.75% in 2022, so the pressure remains to get it back to 3% and within their policy range
6th Sep 22, 4:59pm
24
The Reserve Bank of Australia raises its cash rate target by +50 bps to 2.35% as expected and isn't seeing any reason to expect CPI inflation lower than 7.75% in 2022, so the pressure remains to get it back to 3% and within their policy range
A review of things you need to know before you sign off on Tuesday; Barfoots very quiet, GHG emissions fall, yuan weakens despite PBoC, Aussie C/A strong on minerals demand, swaps on hold, NZD on hold, & more
6th Sep 22, 3:59pm
38
A review of things you need to know before you sign off on Tuesday; Barfoots very quiet, GHG emissions fall, yuan weakens despite PBoC, Aussie C/A strong on minerals demand, swaps on hold, NZD on hold, & more
Heat hurts US West; China cuts FX reserve ratio; China lockdowns spread; Caixin services PMI still positive; EU braces for energy cutoff; eyes on RBA; UST 10yr 3.20%; gold down and oil up; NZ$1 = 61 USc; TWI-5 = 70.6
6th Sep 22, 7:22am
45
Heat hurts US West; China cuts FX reserve ratio; China lockdowns spread; Caixin services PMI still positive; EU braces for energy cutoff; eyes on RBA; UST 10yr 3.20%; gold down and oil up; NZ$1 = 61 USc; TWI-5 = 70.6
A review of things you need to know before you sign off on Monday; banks shuffle in mortgage market stirrings, new car sales surge, building activity up, commodity prices soft, swaps and NZD on hold, & more
5th Sep 22, 3:59pm
60
A review of things you need to know before you sign off on Monday; banks shuffle in mortgage market stirrings, new car sales surge, building activity up, commodity prices soft, swaps and NZD on hold, & more
China rushes out property developer support; US jobs expand; supply chain pressures ease; EU PPI explodes; commodity prices retreat; junk bond yields surge; UST 10yr 3.20%; gold and oil little-changed; NZ$1 = 61.1 USc; TWI-5 = 70.7
5th Sep 22, 7:19am
45
China rushes out property developer support; US jobs expand; supply chain pressures ease; EU PPI explodes; commodity prices retreat; junk bond yields surge; UST 10yr 3.20%; gold and oil little-changed; NZ$1 = 61.1 USc; TWI-5 = 70.7
Teslas lead a surge in August car sales as supply chains catch up and the shift to new energy vehicles hits its stride, probably far faster than anyone expected
3rd Sep 22, 9:52am
78
Teslas lead a surge in August car sales as supply chains catch up and the shift to new energy vehicles hits its stride, probably far faster than anyone expected
US jobs rise solidly again; US factory orders slip; Vancouver house sales dive; Korea inflation eases; India now world's fifth largest economy; EU PPI goes crazy; UST 10yr 3.19%; gold unchanged and oil down; NZ$1 = 61.2 USc; TWI-5 = 70.7
3rd Sep 22, 8:42am
67
US jobs rise solidly again; US factory orders slip; Vancouver house sales dive; Korea inflation eases; India now world's fifth largest economy; EU PPI goes crazy; UST 10yr 3.19%; gold unchanged and oil down; NZ$1 = 61.2 USc; TWI-5 = 70.7
[updated]
Westpac is first out of the blocks with Spring home loan rate changes, flattening its offering to be competitive for terms of 3 years and longer. TSB also trimmed some rates. But the background is rising rates
3rd Sep 22, 5:00am
22
Westpac is first out of the blocks with Spring home loan rate changes, flattening its offering to be competitive for terms of 3 years and longer. TSB also trimmed some rates. But the background is rising rates
A review of things you need to know before you sign off on Friday; no retail rate changes, terms of trade sag, Vector sued, warm & wet, ANZ raises milk payout forecast, swaps stable, NZD soft, & more
2nd Sep 22, 3:59pm
27
A review of things you need to know before you sign off on Friday; no retail rate changes, terms of trade sag, Vector sued, warm & wet, ANZ raises milk payout forecast, swaps stable, NZD soft, & more
US labour market strong; US factory expansion modest; Canadian building consents dive; China PMIs weak; German retail grows unexpectedly; Aussie house lending falls; UST 10yr 3.25%; gold and oil down; NZ$1 = 60.7 USc; TWI-5 = 70.3
2nd Sep 22, 7:26am
49
US labour market strong; US factory expansion modest; Canadian building consents dive; China PMIs weak; German retail grows unexpectedly; Aussie house lending falls; UST 10yr 3.25%; gold and oil down; NZ$1 = 60.7 USc; TWI-5 = 70.3
A review of things you need to know before you sign off on Thursday; many retail rate changes again, another dip into the FLP, core funding record, swaps streak higher, NZD depreciates, & more
1st Sep 22, 3:59pm
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A review of things you need to know before you sign off on Thursday; many retail rate changes again, another dip into the FLP, core funding record, swaps streak higher, NZD depreciates, & more
Another great readership month cements our preeminent place in explaining the economy to Kiwis
1st Sep 22, 10:14am
33
Another great readership month cements our preeminent place in explaining the economy to Kiwis
Eyes on US employment growth; China's factories still contracting; India gets a growth spurt; German employment higher; Aussie construction work slumps, house prices fall; UST 10yr 3.14%; gold and oil down; NZ$1 = 61.2 USc; TWI-5 = 70.5
1st Sep 22, 7:21am
32
Eyes on US employment growth; China's factories still contracting; India gets a growth spurt; German employment higher; Aussie construction work slumps, house prices fall; UST 10yr 3.14%; gold and oil down; NZ$1 = 61.2 USc; TWI-5 = 70.5
[updated]
A review of things you need to know before you sign off on Wednesday; more retail rate changes, business sentiment off the floor, building consent levels fade, housing lending too, Households target TDs, swaps stable, NZD soft, & more
31st Aug 22, 3:59pm
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A review of things you need to know before you sign off on Wednesday; more retail rate changes, business sentiment off the floor, building consent levels fade, housing lending too, Households target TDs, swaps stable, NZD soft, & more
Retail sales rise in the US, as do job openings and consumer sentiment; Fed withdraws more in QT; China gets some rain and more trouble; Hong Kongers flee; Aussie house building slumps; UST 10yr 3.11%; gold and oil down; NZ$1 = 61.3 USc; TWI-5 = 70.6
31st Aug 22, 7:21am
77
Retail sales rise in the US, as do job openings and consumer sentiment; Fed withdraws more in QT; China gets some rain and more trouble; Hong Kongers flee; Aussie house building slumps; UST 10yr 3.11%; gold and oil down; NZ$1 = 61.3 USc; TWI-5 = 70.6
[updated]
A review of things you need to know before you sign off on Tuesday; rent a rising problem for retirees, credit stress at record low, demand for cheap beef rising, swaps hold high, NZD stays low, & more
30th Aug 22, 3:59pm
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A review of things you need to know before you sign off on Tuesday; rent a rising problem for retirees, credit stress at record low, demand for cheap beef rising, swaps hold high, NZD stays low, & more
US factory activity holds; companies move capacity to the US; China exhibits angst on stuttering economy; Aussie retail sales bounce back; UST 10yr 3.11%; gold unchanged and oil up; NZ$1 = 61.6 USc; TWI-5 = 70.8
30th Aug 22, 7:19am
40
US factory activity holds; companies move capacity to the US; China exhibits angst on stuttering economy; Aussie retail sales bounce back; UST 10yr 3.11%; gold unchanged and oil up; NZ$1 = 61.6 USc; TWI-5 = 70.8
A review of things you need to know before you sign off on Monday; business borrowing weak, huge Auckland Council profit - again, strong jobs growth, another big FLP drawdown, swaps leap, NZD stays low, & more
29th Aug 22, 3:59pm
18
A review of things you need to know before you sign off on Monday; business borrowing weak, huge Auckland Council profit - again, strong jobs growth, another big FLP drawdown, swaps leap, NZD stays low, & more
China's large firms report shrinking margins, rising liabilities; food and power building China issues; Powell 100% focused on getting inflation lower; eyes on US jobs; UST 10yr 3.03%; gold and oil unchanged; NZ$1 = 61.3 USc; TWI-5 = 70.5
29th Aug 22, 7:19am
67
China's large firms report shrinking margins, rising liabilities; food and power building China issues; Powell 100% focused on getting inflation lower; eyes on US jobs; UST 10yr 3.03%; gold and oil unchanged; NZ$1 = 61.3 USc; TWI-5 = 70.5
Powell is short, sharp and clear; equity markets recoil; US inflation eases; US sentiment improves; California sets a hard end to ICEs; China struggles with heat; UST 10yr 3.03%; gold down and oil unchanged; NZ$1 = 61.4 USc; TWI-5 = 70.5
27th Aug 22, 8:39am
60
Powell is short, sharp and clear; equity markets recoil; US inflation eases; US sentiment improves; California sets a hard end to ICEs; China struggles with heat; UST 10yr 3.03%; gold down and oil unchanged; NZ$1 = 61.4 USc; TWI-5 = 70.5
A review of things you need to know before you sign off on Friday; home loan affordability not improving much; lift in consumer sentiment; Fonterra trims payout, Orr says he is on the right path, swaps and NZD stable, & more
26th Aug 22, 3:59pm
56
A review of things you need to know before you sign off on Friday; home loan affordability not improving much; lift in consumer sentiment; Fonterra trims payout, Orr says he is on the right path, swaps and NZD stable, & more
US jobless claims fall; US data mixed; eyes on Powell; China releases more stimulus; Korea raises rates; Germany still growing; freight rates fall faster; UST 10yr 3.03%; gold up and oil down; NZ$1 = 62.3 USc; TWI-5 = 71.3
26th Aug 22, 7:33am
35
US jobless claims fall; US data mixed; eyes on Powell; China releases more stimulus; Korea raises rates; Germany still growing; freight rates fall faster; UST 10yr 3.03%; gold up and oil down; NZ$1 = 62.3 USc; TWI-5 = 71.3
[updated]
A review of things you need to know before you sign off on Thursday; Westpac boosts some short TD rates, housing confidence crumbles, retail retreats unexpectedly, SMEs suffering, BNPL casualty, swaps firm, NZD holds, & much more
25th Aug 22, 3:59pm
36
A review of things you need to know before you sign off on Thursday; Westpac boosts some short TD rates, housing confidence crumbles, retail retreats unexpectedly, SMEs suffering, BNPL casualty, swaps firm, NZD holds, & much more
US data weaker; Japan rediscovers the nuclear advantage; China races to save their rice harvest; EU gets new gas price spike; Sydney to get world's tallest wood skyscraper; UST 10yr 3.11%; gold and oil up again; NZ$1 = 61.8 USc; TWI-5 = 71.1
25th Aug 22, 7:29am
63
US data weaker; Japan rediscovers the nuclear advantage; China races to save their rice harvest; EU gets new gas price spike; Sydney to get world's tallest wood skyscraper; UST 10yr 3.11%; gold and oil up again; NZ$1 = 61.8 USc; TWI-5 = 71.1