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 economy shrinks in Q2 despite tight labour markets; China meets to assess stumbling economy; German inflation stays high; Aussie retail staggers; UST 10yr 2.68%; gold up and oil flat; NZ$1 = 62.8 USc; TWI-5 = 71.2
29th Jul 22, 7:31am
88
US economy shrinks in Q2 despite tight labour markets; China meets to assess stumbling economy; German inflation stays high; Aussie retail staggers; UST 10yr 2.68%; gold up and oil flat; NZ$1 = 62.8 USc; TWI-5 = 71.2
There are still substantial interest rate advantages in holding New Zealand term deposits, compared to the 'safety' advantages of holding Australian term deposits. But Australian rates may be our future
29th Jul 22, 6:42am
15
There are still substantial interest rate advantages in holding New Zealand term deposits, compared to the 'safety' advantages of holding Australian term deposits. But Australian rates may be our future
A review of things you need to know before you sign off on Thursday; some significant retail rate changes, business confidence crashes, foreign buyers vanish, swaps fall, NZD holds, & more
28th Jul 22, 3:59pm
48
A review of things you need to know before you sign off on Thursday; some significant retail rate changes, business confidence crashes, foreign buyers vanish, swaps fall, NZD holds, & more
Treasury raises Kiwi Bond interest rates at a quickened pace for short-term rates, trimming the risk premium from bank term deposits to near the lowest we have seen them
28th Jul 22, 1:39pm
4
Treasury raises Kiwi Bond interest rates at a quickened pace for short-term rates, trimming the risk premium from bank term deposits to near the lowest we have seen them
Fed raises rates by +75 bps again as expected; markets react to Powell's remarks; US data positive except for housing market; Shanghai gets more lockdowns; Aussie CPI up; UST 10yr 2.73%; gold and oil up; NZ$1 = 62.6 USc; TWI-5 = 71
28th Jul 22, 7:19am
103
Fed raises rates by +75 bps again as expected; markets react to Powell's remarks; US data positive except for housing market; Shanghai gets more lockdowns; Aussie CPI up; UST 10yr 2.73%; gold and oil up; NZ$1 = 62.6 USc; TWI-5 = 71
[updated]
ANZ is the first main Aussie bank to offer 4% for a one year deposit as it raises TD rates across the board. They are following rivals but in the background swap rates are falling, and a few home loan rates are too
27th Jul 22, 7:58pm
9
ANZ is the first main Aussie bank to offer 4% for a one year deposit as it raises TD rates across the board. They are following rivals but in the background swap rates are falling, and a few home loan rates are too
A review of things you need to know before you sign off on Wednesday; a few retail rate changes, rapid ageing, COL support due, Aussie CPI highish, swaps little-changed, NZD ditto, & more
27th Jul 22, 3:59pm
109
A review of things you need to know before you sign off on Wednesday; a few retail rate changes, rapid ageing, COL support due, Aussie CPI highish, swaps little-changed, NZD ditto, & more
IMF trims global growth forecasts; US retail rises but new home sales fall; South Korea expands; Singapore contracts; EU agrees gas reduction deal; UST 10yr 2.79%; gold down and oil flat; NZ$1 = 62.3 USc; TWI-5 = 71
27th Jul 22, 7:19am
119
IMF trims global growth forecasts; US retail rises but new home sales fall; South Korea expands; Singapore contracts; EU agrees gas reduction deal; UST 10yr 2.79%; gold down and oil flat; NZ$1 = 62.3 USc; TWI-5 = 71
A review of things you need to know before you sign off on Tuesday; only minor retail rate changes, low auction activity, resilient mortgage book, but falling activity, swaps stable, NZD firmish, & more
26th Jul 22, 3:59pm
18
A review of things you need to know before you sign off on Tuesday; only minor retail rate changes, low auction activity, resilient mortgage book, but falling activity, swaps stable, NZD firmish, & more
American expansion now only modest; China births retreat further; China to raise US$44 bln to complete homes; Germany plans for gas shutoff; UST 10yr 2.81%; gold down and oil flat; NZ$1 = 62.7 USc; TWI-5 = 71.2
26th Jul 22, 7:19am
35
American expansion now only modest; China births retreat further; China to raise US$44 bln to complete homes; Germany plans for gas shutoff; UST 10yr 2.81%; gold down and oil flat; NZ$1 = 62.7 USc; TWI-5 = 71.2
A review of things you need to know before you sign off on Monday; some mortgage rate changes, R/E agent commissions dive, eyes on Fed and RBA, swaps retreat, NZD holds, & more
25th Jul 22, 3:59pm
15
A review of things you need to know before you sign off on Monday; some mortgage rate changes, R/E agent commissions dive, eyes on Fed and RBA, swaps retreat, NZD holds, & more
Japan gets inflation; China rushes out new debt; PMIs soft in US & Europe; commodity prices fall; bond inversion grows; UST 10yr 2.75%; gold up and oil flat; NZ$1 = 62.5 USc; TWI-5 = 71.1
25th Jul 22, 7:19am
47
Japan gets inflation; China rushes out new debt; PMIs soft in US & Europe; commodity prices fall; bond inversion grows; UST 10yr 2.75%; gold up and oil flat; NZ$1 = 62.5 USc; TWI-5 = 71.1
Negative July economic signals pile up; China's massive June bond issuance; Japan gets inflation, Russia slashes policy rate; commodities weak; UST 10yr 2.75%; gold up and oil down; NZ$1 = 62.4 USc; TWI-5 = 71.1
23rd Jul 22, 8:42am
51
Negative July economic signals pile up; China's massive June bond issuance; Japan gets inflation, Russia slashes policy rate; commodities weak; UST 10yr 2.75%; gold up and oil down; NZ$1 = 62.4 USc; TWI-5 = 71.1
A review of things you need to know before you sign off on Friday; BNZ raises TD rates, Vulcan buys Ullrich, IAG signals premium hikes, Japan gets sustained inflation, swaps fall, NZD firm, & more
22nd Jul 22, 3:59pm
36
A review of things you need to know before you sign off on Friday; BNZ raises TD rates, Vulcan buys Ullrich, IAG signals premium hikes, Japan gets sustained inflation, swaps fall, NZD firm, & more
US data off its highs; Japanese exports shine; ECB bursts in action on fighting inflation; South Africa follows; container shipping costs retreat; UST 10yr 2.92%; gold up and oil down; NZ$1 = 62.1 USc; TWI-5 = 70.9
22nd Jul 22, 7:20am
40
US data off its highs; Japanese exports shine; ECB bursts in action on fighting inflation; South Africa follows; container shipping costs retreat; UST 10yr 2.92%; gold up and oil down; NZ$1 = 62.1 USc; TWI-5 = 70.9
[updated]
A review of things you need to know before you sign off on Thursday; SBS Bank raises rates, trade deficit balloons, benefit numbers sticky, credit stress at record low, FMD watch nervous, swaps stable, NZD firm, & more
21st Jul 22, 3:59pm
58
A review of things you need to know before you sign off on Thursday; SBS Bank raises rates, trade deficit balloons, benefit numbers sticky, credit stress at record low, FMD watch nervous, swaps stable, NZD firm, & more
[updated]
Challenger banks continue to push up one year term deposit offers, now as high as 4.2%, with five year offers out to 4.75%. But the 4% threshold hasn't yet been breached for terms under one year
21st Jul 22, 10:44am
37
Challenger banks continue to push up one year term deposit offers, now as high as 4.2%, with five year offers out to 4.75%. But the 4% threshold hasn't yet been breached for terms under one year
US housing market activity shrinks; Canada's inflation rise tops out; China road freight weak; EU confidence dives; Aussie leading index weak; UST 10yr 3.03%; gold and oil down; NZ$1 = 62.3 USc; TWI-5 = 71.1
21st Jul 22, 7:23am
66
US housing market activity shrinks; Canada's inflation rise tops out; China road freight weak; EU confidence dives; Aussie leading index weak; UST 10yr 3.03%; gold and oil down; NZ$1 = 62.3 USc; TWI-5 = 71.1
[updated]
A review of things you need to know before you sign off on Wednesday; minor retail rate rises only, dairy prices slip, GHG emissions fall, FMD risks rise, equities surge, swaps up, NZD rises, & more
20th Jul 22, 3:59pm
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A review of things you need to know before you sign off on Wednesday; minor retail rate rises only, dairy prices slip, GHG emissions fall, FMD risks rise, equities surge, swaps up, NZD rises, & more
Dairy prices fall again; US data positive and Wall Street roars; China's household savings impulse rises; EMs suffer high inflation and weak currencies; UST 10yr 3.01%; gold stable and oil up; NZ$1 = 62.3 USc; TWI-5 = 71
20th Jul 22, 7:25am
147
Dairy prices fall again; US data positive and Wall Street roars; China's household savings impulse rises; EMs suffer high inflation and weak currencies; UST 10yr 3.01%; gold stable and oil up; NZ$1 = 62.3 USc; TWI-5 = 71
[updated]
A review of things you need to know before you sign off on Tuesday; quiet on retail rates front, chilly on house sales front, farm sales low, tractor sales high, WUBS slapped by the FMA, swaps stable, NZD soft, & more
19th Jul 22, 3:59pm
80
A review of things you need to know before you sign off on Tuesday; quiet on retail rates front, chilly on house sales front, farm sales low, tractor sales high, WUBS slapped by the FMA, swaps stable, NZD soft, & more
Europe scrambles for gas supplies; US talks itself down; China rolls out local boosts, eyes on bank stress; coal shines; UST 10yr 2.96%; gold and oil up; NZ$1 = 61.6 USc; TWI-5 = 70.6
19th Jul 22, 7:19am
123
Europe scrambles for gas supplies; US talks itself down; China rolls out local boosts, eyes on bank stress; coal shines; UST 10yr 2.96%; gold and oil up; NZ$1 = 61.6 USc; TWI-5 = 70.6
A review of things you need to know before you sign off on Monday; its all about the scorching inflation data, student & working visas rise, big drop in house values, swaps up sharply, NZD firms, & more
18th Jul 22, 3:59pm
53
A review of things you need to know before you sign off on Monday; its all about the scorching inflation data, student & working visas rise, big drop in house values, swaps up sharply, NZD firms, & more
Weak Chinese economy poses global challenge; US retail sales healthy, other business growth-positive, but confidence low; commodity prices retreat; UST 10yr 2.93%; gold steadies and oil unchanged; NZ$1 = 61.6 USc; TWI-5 = 70.8
18th Jul 22, 7:19am
124
Weak Chinese economy poses global challenge; US retail sales healthy, other business growth-positive, but confidence low; commodity prices retreat; UST 10yr 2.93%; gold steadies and oil unchanged; NZ$1 = 61.6 USc; TWI-5 = 70.8
US delivers upbeat markets and data to end the week; China delivers dour economic signals; commodity prices give up almost all their 2022 rises; UST 10yr 2.93%; gold down and oil up; NZ$1 = 61.6 USc; TWI-5 = 70.8
16th Jul 22, 8:37am
57
US delivers upbeat markets and data to end the week; China delivers dour economic signals; commodity prices give up almost all their 2022 rises; UST 10yr 2.93%; gold down and oil up; NZ$1 = 61.6 USc; TWI-5 = 70.8