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 Tuesday; few retail rate changes, building consents remain high, floods & financial stability, more FLP drawdowns, swaps firm, NZD up, & more
1st Nov 22, 3:59pm
71
A review of things you need to know before you sign off on Tuesday; few retail rate changes, building consents remain high, floods & financial stability, more FLP drawdowns, swaps firm, NZD up, & more
Heat goes out of US expansion; China's PMIs contract; Japanese retail shows surprising resilience; ditto in Germany and Australia; UST 10yr 4.05%; gold and oil lower; NZ$1 = 58.1 USc; TWI-5 = 68.7
1st Nov 22, 7:19am
85
Heat goes out of US expansion; China's PMIs contract; Japanese retail shows surprising resilience; ditto in Germany and Australia; UST 10yr 4.05%; gold and oil lower; NZ$1 = 58.1 USc; TWI-5 = 68.7
Following some unwise comments by its Group CEO as it announced a record giant profit, ANZ NZ has moved to ensure its term deposit offers are back at the top on the range in the local market
31st Oct 22, 7:54pm
40
Following some unwise comments by its Group CEO as it announced a record giant profit, ANZ NZ has moved to ensure its term deposit offers are back at the top on the range in the local market
[updated]
A review of things you need to know before you sign off on Monday; Heartland raises fixed home loan rates, businesses borrowing more again, household deposits rise faster, swaps stable, NZD stable, & more
31st Oct 22, 3:59pm
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A review of things you need to know before you sign off on Monday; Heartland raises fixed home loan rates, businesses borrowing more again, household deposits rise faster, swaps stable, NZD stable, & more
Investors look for the exits in China; Japan stays with low rates & easy money; US data generally positive; EU living with high inflation without fossil fuels; UST 10yr 4.01%; gold and oil up; NZ$1 = 58.1 USc; TWI-5 = 68.4
31st Oct 22, 7:19am
78
Investors look for the exits in China; Japan stays with low rates & easy money; US data generally positive; EU living with high inflation without fossil fuels; UST 10yr 4.01%; gold and oil up; NZ$1 = 58.1 USc; TWI-5 = 68.4
US consumption remains resilient; EU sentiment stays very low; German inflation worse but economy expands; some key commodity prices sink; UST 10yr 4.01%; gold and oil down; NZ$1 = 58 USc; TWI-5 = 68.3
29th Oct 22, 8:53am
42
US consumption remains resilient; EU sentiment stays very low; German inflation worse but economy expands; some key commodity prices sink; UST 10yr 4.01%; gold and oil down; NZ$1 = 58 USc; TWI-5 = 68.3
A review of things you need to know before you sign off on Friday; latest property transfer stats, consumer confidence stays low, a La Niña summer coming, swaps fall hard again, NZD rises (again), & more
28th Oct 22, 3:59pm
19
A review of things you need to know before you sign off on Friday; latest property transfer stats, consumer confidence stays low, a La Niña summer coming, swaps fall hard again, NZD rises (again), & more
US economy resilient; China and Taiwan report soft data; ECB raised rates +75 bps; German sentiment improves; freight rates fall faster; UST 10yr 3.96%; gold down and oil up; NZ$1 = 58.4 USc; TWI-5 = 68.5
28th Oct 22, 7:35am
65
US economy resilient; China and Taiwan report soft data; ECB raised rates +75 bps; German sentiment improves; freight rates fall faster; UST 10yr 3.96%; gold down and oil up; NZ$1 = 58.4 USc; TWI-5 = 68.5
A review of things you need to know before you sign off on Thursday; many retail rate rises, new fee-free credit card, ANZ profits jump 20%, investors rush NZGBs, more FLP, swaps fall, NZD rises, & more
27th Oct 22, 3:59pm
45
A review of things you need to know before you sign off on Thursday; many retail rate rises, new fee-free credit card, ANZ profits jump 20%, investors rush NZGBs, more FLP, swaps fall, NZD rises, & more
[updated]
A 5% offer for a one year term deposit has burst on to the scene for savers, potentially up-ending the current rate cards of other banks. But despite this, TD rates have been rising anyway, and compared to home loan rates, aren't much out of line
27th Oct 22, 11:57am
37
A 5% offer for a one year term deposit has burst on to the scene for savers, potentially up-ending the current rate cards of other banks. But despite this, TD rates have been rising anyway, and compared to home loan rates, aren't much out of line
US new home sales stay low; US trade deficit stays high; Canada raises rates less than expected; Wuhan back in partial lockdown; Aussie CPI up more than expected; UST 10yr 4.02%; gold and oil up; NZ$1 = 58.3 USc; TWI-5 = 68.2
27th Oct 22, 7:28am
113
US new home sales stay low; US trade deficit stays high; Canada raises rates less than expected; Wuhan back in partial lockdown; Aussie CPI up more than expected; UST 10yr 4.02%; gold and oil up; NZ$1 = 58.3 USc; TWI-5 = 68.2
A review of things you need to know before you sign off on Wednesday; many big retail rate increases, business sentiment drops, farm sales slump, new housing supply jumps, swaps fall and flatten, NZD stable, & more
26th Oct 22, 3:59pm
23
A review of things you need to know before you sign off on Wednesday; many big retail rate increases, business sentiment drops, farm sales slump, new housing supply jumps, swaps fall and flatten, NZD stable, & more
[updated]
ASB and HSBC are the next to raise fixed home loan rates. A feature is the steepness of their hikes for terms of 4 and 5 years. Both raised TD rates too, with ASB matching Kiwibank with a 4.5% one year offer. BNZ raises rates too
26th Oct 22, 8:46am
25
ASB and HSBC are the next to raise fixed home loan rates. A feature is the steepness of their hikes for terms of 4 and 5 years. Both raised TD rates too, with ASB matching Kiwibank with a 4.5% one year offer. BNZ raises rates too
US data soft; China deficit huge; Japan stops buying USTs; Germany hangs in there; California rises; Aussie budget makes major changes; UST 10yr 4.09%; gold and oil up; NZ$1 = 57.4 USc; TWI-5 = 67.8
26th Oct 22, 7:27am
73
US data soft; China deficit huge; Japan stops buying USTs; Germany hangs in there; California rises; Aussie budget makes major changes; UST 10yr 4.09%; gold and oil up; NZ$1 = 57.4 USc; TWI-5 = 67.8
A review of things you need to know before you sign off on Tuesday; rate change front quiet, auction activity low, home loan affordability worse, population growth low, swaps retreat, NZD stable, & more
25th Oct 22, 3:59pm
13
A review of things you need to know before you sign off on Tuesday; rate change front quiet, auction activity low, home loan affordability worse, population growth low, swaps retreat, NZD stable, & more
US service sector contracts; markets fear Xi's new team; Chinese data inconsistent; Japan defends the yen; EU PMIs soft; eyes on Aussie CPI; UST 10yr 4.23%; gold and oil lower; NZ$1 = 56.8 USc; TWI-5 = 67.5
25th Oct 22, 7:19am
76
US service sector contracts; markets fear Xi's new team; Chinese data inconsistent; Japan defends the yen; EU PMIs soft; eyes on Aussie CPI; UST 10yr 4.23%; gold and oil lower; NZ$1 = 56.8 USc; TWI-5 = 67.5
Xi anointed as expected; Chinese housing sales fade further; global credit threats rise, car loans and commercial property eyed; Japan supports the yen; UST 10yr 4.22%; gold and oil up; NZ$1 = 57.6 USc; TWI-5 = 68.1
24th Oct 22, 8:01am
79
Xi anointed as expected; Chinese housing sales fade further; global credit threats rise, car loans and commercial property eyed; Japan supports the yen; UST 10yr 4.22%; gold and oil up; NZ$1 = 57.6 USc; TWI-5 = 68.1
Eyes on financial market judgments; US Fed shrinks its balance sheet; Japan intervenes to save the yen; China's economy struggles; eyes on Aussie CPI; UST 10yr 4.22%; gold up and oil flat; NZ$1 = 57.6 USc; TWI-5 = 68.1
22nd Oct 22, 8:49am
100
Eyes on financial market judgments; US Fed shrinks its balance sheet; Japan intervenes to save the yen; China's economy struggles; eyes on Aussie CPI; UST 10yr 4.22%; gold up and oil flat; NZ$1 = 57.6 USc; TWI-5 = 68.1
A review of things you need to know before you sign off on Friday; Many retail rate hikes, another bad trade deficit, credit card data shows early sign of stress, swaps little changed, NZD stable, & more
21st Oct 22, 3:59pm
83
A review of things you need to know before you sign off on Friday; Many retail rate hikes, another bad trade deficit, credit card data shows early sign of stress, swaps little changed, NZD stable, & more
Kiwibank is the next major bank to raised interest rates for both borrowers and savers, but because we are in the middle of a sharp global shift higher, New Zealand banks may have to move up again in the coming week or so
21st Oct 22, 9:31am
49
Kiwibank is the next major bank to raised interest rates for both borrowers and savers, but because we are in the middle of a sharp global shift higher, New Zealand banks may have to move up again in the coming week or so
US labour market strong but some sectors not; China to attack wealth accumulation; Yen sinks; container shipping costs fall again; Victoria to renationalise power sector; UST 10yr 4.22%; gold and oil up; NZ$1 = 57 USc; TWI-5 = 67.9
21st Oct 22, 7:33am
147
US labour market strong but some sectors not; China to attack wealth accumulation; Yen sinks; container shipping costs fall again; Victoria to renationalise power sector; UST 10yr 4.22%; gold and oil up; NZ$1 = 57 USc; TWI-5 = 67.9
[updated]
A review of things you need to know before you sign off on Thursday; Westpac moves on fixed rates too, AIA reports surge, Fonterra unhappy with Govt., household net worth dives, swaps up sharply again, NZD dips, & more
20th Oct 22, 3:59pm
51
A review of things you need to know before you sign off on Thursday; Westpac moves on fixed rates too, AIA reports surge, Fonterra unhappy with Govt., household net worth dives, swaps up sharply again, NZD dips, & more
[updated]
Fixed home loan rate rises are spreading with another major mortgage lender pushing through big increases. But in the background the causes are rising even further, meaning this won't end soon
20th Oct 22, 3:51pm
43
Fixed home loan rate rises are spreading with another major mortgage lender pushing through big increases. But in the background the causes are rising even further, meaning this won't end soon
US data mixed but Beige Book confirms expansion; CPI data from Canada, EU and UK all high; lithium price in new surge; UST 10yr 4.11%; gold down and oil up; NZ$1 = 56.6 USc; TWI-5 = 67.5
20th Oct 22, 7:19am
126
US data mixed but Beige Book confirms expansion; CPI data from Canada, EU and UK all high; lithium price in new surge; UST 10yr 4.11%; gold down and oil up; NZ$1 = 56.6 USc; TWI-5 = 67.5
[updated]
ANZ first to react to the much higher wholesale swap rates flowing from the surprise CPI data. Bank raises fixed home loan rates by about +45 bps and term deposit rates by about +30 bps
19th Oct 22, 4:11pm
155
ANZ first to react to the much higher wholesale swap rates flowing from the surprise CPI data. Bank raises fixed home loan rates by about +45 bps and term deposit rates by about +30 bps