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
American appetite for consumer debt dims; Fed officials say they are far from winning against inflation; India raises policy rate; Aussie cost pressure intensifies; UST 10yr 3.68%; gold and oil little-changed; NZ$1 = 63.2 USc; TWI-5 = 70.4
9th Feb 23, 7:20am
116
American appetite for consumer debt dims; Fed officials say they are far from winning against inflation; India raises policy rate; Aussie cost pressure intensifies; UST 10yr 3.68%; gold and oil little-changed; NZ$1 = 63.2 USc; TWI-5 = 70.4
A review of things you need to know before you sign off on Wednesday; many retail rate changes, minimum wage to rise +7.1%, dairy prices rise, swaps rates up again, NZD soft, & more
8th Feb 23, 3:59pm
23
A review of things you need to know before you sign off on Wednesday; many retail rate changes, minimum wage to rise +7.1%, dairy prices rise, swaps rates up again, NZD soft, & more
[updated]
Westpac the latest big bank to cut fixed home loan rates as wholesale rates turn back up. In this confusing mortgage market haggle with your bank
8th Feb 23, 10:41am
7
Westpac the latest big bank to cut fixed home loan rates as wholesale rates turn back up. In this confusing mortgage market haggle with your bank
Dairy prices rise; US retail growth sags; US trade deficit nears -$1 tln; Fed says 'more work to do'; Japan incomes rise; RBA hikes, says more coming; UST 10yr 3.62%; gold and oil up; NZ$1 = 62.3 USc; TWI-5 = 70.5
8th Feb 23, 7:19am
100
Dairy prices rise; US retail growth sags; US trade deficit nears -$1 tln; Fed says 'more work to do'; Japan incomes rise; RBA hikes, says more coming; UST 10yr 3.62%; gold and oil up; NZ$1 = 62.3 USc; TWI-5 = 70.5
A review of things you need to know before you sign off on Tuesday; some more retail rate changes, petrol cost up, commodity prices ease, livestock prices down, 90 day bank bill rate at 13yr high, swaps up, NZD recovers, & more
7th Feb 23, 4:01pm
59
A review of things you need to know before you sign off on Tuesday; some more retail rate changes, petrol cost up, commodity prices ease, livestock prices down, 90 day bank bill rate at 13yr high, swaps up, NZD recovers, & more
China books some unsteady gains; US jobs gains impress; US service sector recovers; German factory orders up; air cargo growth lame; UST 10yr 3.64%; gold up and oil unchanged; NZ$1 = 62.8 USc; TWI-5 = 70.5
7th Feb 23, 7:19am
83
China books some unsteady gains; US jobs gains impress; US service sector recovers; German factory orders up; air cargo growth lame; UST 10yr 3.64%; gold up and oil unchanged; NZ$1 = 62.8 USc; TWI-5 = 70.5
American labour markets surprise with their strength; US service sector rises; Toronto house sales dive; China service sector rises; Aussie housing lending falls; UST 10yr 3.52%; gold and oil drop; NZ$1 = 63.5 USc; TWI-5 = 70.7
4th Feb 23, 8:38am
75
American labour markets surprise with their strength; US service sector rises; Toronto house sales dive; China service sector rises; Aussie housing lending falls; UST 10yr 3.52%; gold and oil drop; NZ$1 = 63.5 USc; TWI-5 = 70.7
A review of things you need to know before you sign off on Friday; more home loan and TD changes, consumer confidence up off extreme lows, spending restrain, credit demand 'mixed', swaps fall hard again, NZD holds, & more
3rd Feb 23, 3:59pm
89
A review of things you need to know before you sign off on Friday; more home loan and TD changes, consumer confidence up off extreme lows, spending restrain, credit demand 'mixed', swaps fall hard again, NZD holds, & more
BNZ returns with more home loan rate reductions, a day after their first set of changes. These come as wholesale markets shift their bets to lower levels, mainly on international influences
3rd Feb 23, 9:43am
28
BNZ returns with more home loan rate reductions, a day after their first set of changes. These come as wholesale markets shift their bets to lower levels, mainly on international influences
US labour market signals mixed; US factory orders bounce back; Hong Kong to give away 500,000 air tickets; ECB and BofE raise rates +50 bps; UST 10yr 3.38%; gold down and oil unchanged; NZ$1 = 64.9 USc; TWI-5 = 71.4
3rd Feb 23, 7:19am
46
US labour market signals mixed; US factory orders bounce back; Hong Kong to give away 500,000 air tickets; ECB and BofE raise rates +50 bps; UST 10yr 3.38%; gold down and oil unchanged; NZ$1 = 64.9 USc; TWI-5 = 71.4
A review of things you need to know before you sign off on Thursday; Barfoots suffers, building consents rise, HLPI vs the CPI, Westpac offers grants, strong demand for NZGBs, swaps fall, NZD rises, & more
2nd Feb 23, 3:59pm
117
A review of things you need to know before you sign off on Thursday; Barfoots suffers, building consents rise, HLPI vs the CPI, Westpac offers grants, strong demand for NZGBs, swaps fall, NZD rises, & more
ANZ and BNZ both change fixed mortgage rates, embedding inverted offerings into their rate cards as wholesale rates shift lower
2nd Feb 23, 8:02am
44
ANZ and BNZ both change fixed mortgage rates, embedding inverted offerings into their rate cards as wholesale rates shift lower
[updated]
Markets await the Fed; US factory sector slows; jobs gains less than expected; China PMIs disappoint; Adani stumbles again; EU inflation eases; UST 10yr 3.46%; gold and oil lower; NZ$1 = 64.4 USc; TWI-5 = 70.9
2nd Feb 23, 7:19am
113
Markets await the Fed; US factory sector slows; jobs gains less than expected; China PMIs disappoint; Adani stumbles again; EU inflation eases; UST 10yr 3.46%; gold and oil lower; NZ$1 = 64.4 USc; TWI-5 = 70.9
A review of things you need to know before you sign off on Wednesday; markets react to softer labour market data, house sellers 'unrealistic', temporary petrol tax cut extended, swaps fall at short end, NZD soft, & more
1st Feb 23, 3:59pm
107
A review of things you need to know before you sign off on Wednesday; markets react to softer labour market data, house sellers 'unrealistic', temporary petrol tax cut extended, swaps fall at short end, NZD soft, & more
China emerges from its pandemic funk; Japanese retail improves; American indicators mixed; German and Aussie retail sales poor; IMF raises its forecasts; UST 10yr 3.53%; gold up and oil lower; NZ$1 = 64.6 USc; TWI-5 = 71.4
1st Feb 23, 7:19am
83
China emerges from its pandemic funk; Japanese retail improves; American indicators mixed; German and Aussie retail sales poor; IMF raises its forecasts; UST 10yr 3.53%; gold up and oil lower; NZ$1 = 64.6 USc; TWI-5 = 71.4
New Zealand's largest bank 'moves early' on interest rates for its business clients, raising them by 40 basis points
31st Jan 23, 9:16am
21
New Zealand's largest bank 'moves early' on interest rates for its business clients, raising them by 40 basis points
Ahead of the Fed, US data soft; China pushes students overseas; Adani slide continues; EU sentiment improves; German GDP slips; UST 10yr 3.55%; gold oil lower; NZ$1 = 64.8 USc; TWI-5 = 71.6
31st Jan 23, 7:19am
61
Ahead of the Fed, US data soft; China pushes students overseas; Adani slide continues; EU sentiment improves; German GDP slips; UST 10yr 3.55%; gold oil lower; NZ$1 = 64.8 USc; TWI-5 = 71.6
A review of things you need to know before you sign off on Monday; more home loan and TD rate changes, rural exports shine, despite paying $1 bln more in interest, no mortgage stress, swaps firm, NZD little-changed, & more
30th Jan 23, 3:59pm
88
A review of things you need to know before you sign off on Monday; more home loan and TD rate changes, rural exports shine, despite paying $1 bln more in interest, no mortgage stress, swaps firm, NZD little-changed, & more
China back from holiday; India rising on debt funding; Tokyo inflation high; US inflation eases; Aussie PPI turns; metals prices rise on global optimism; UST 10yr 3.51%; gold and oil little-changed; NZ$1 = 64.9 USc; TWI-5 = 71.5
30th Jan 23, 7:27am
124
China back from holiday; India rising on debt funding; Tokyo inflation high; US inflation eases; Aussie PPI turns; metals prices rise on global optimism; UST 10yr 3.51%; gold and oil little-changed; NZ$1 = 64.9 USc; TWI-5 = 71.5
US inflation pressure eases, consumers pull back; Tokyo inflation rises above 4%; China emerges from lockdowns; India grows on more debt; Aussie PPI eases; UST 10yr 3.47%; gold up and oil down; NZ$1 = 64.9 USc; TWI-5 = 71.5
28th Jan 23, 8:39am
44
US inflation pressure eases, consumers pull back; Tokyo inflation rises above 4%; China emerges from lockdowns; India grows on more debt; Aussie PPI eases; UST 10yr 3.47%; gold up and oil down; NZ$1 = 64.9 USc; TWI-5 = 71.5
A review of things you need to know before you sign off on Friday; notable retail rates changes, business confidence rises off its lows, ANZ seeks more funding, swaps rise modestly, NZD firms, & more
27th Jan 23, 3:59pm
57
A review of things you need to know before you sign off on Friday; notable retail rates changes, business confidence rises off its lows, ANZ seeks more funding, swaps rise modestly, NZD firms, & more
American data resilient and impressive; no labour market stress signs yet; Hong Kong exports dive; Singapore and Philippines rise; freight rates push lower; UST 10yr 3.47%; gold down and oil up; NZ$1 = 64.7 USc; TWI-5 = 71.3
27th Jan 23, 7:25am
153
American data resilient and impressive; no labour market stress signs yet; Hong Kong exports dive; Singapore and Philippines rise; freight rates push lower; UST 10yr 3.47%; gold down and oil up; NZ$1 = 64.7 USc; TWI-5 = 71.3
Westpac has reacted to ASB's shift to an inverted mortgage rate card. They too have inverted, and matched ASB at the long end
26th Jan 23, 5:51pm
21
Westpac has reacted to ASB's shift to an inverted mortgage rate card. They too have inverted, and matched ASB at the long end
A review of things you need to know before you sign off on Thursday; more TD rises, Crown Accounts better, hardship grant levels high but ease off, FHB affordability worst ever, swaps up, NZD little-changed, & more
26th Jan 23, 3:59pm
76
A review of things you need to know before you sign off on Thursday; more TD rises, Crown Accounts better, hardship grant levels high but ease off, FHB affordability worst ever, swaps up, NZD little-changed, & more
US mortgage applications firm; Canada hikes and signals end; China suffers though cold; Germany to avoid recession; Aussie inflation delivers tough choices; UST 10yr 3.46%; gold and oil up; NZ$1 = 64.6 USc; TWI-5 = 71.2
26th Jan 23, 7:19am
148
US mortgage applications firm; Canada hikes and signals end; China suffers though cold; Germany to avoid recession; Aussie inflation delivers tough choices; UST 10yr 3.46%; gold and oil up; NZ$1 = 64.6 USc; TWI-5 = 71.2