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 data volatile and becomes unreliable; Xi and Trump talk; Canadian exports drop hard; China service sector expands; ECB cuts; freight rates jump sharply; UST 10yr at 4.39%; gold down and oil holds; NZ$1 = 60.4 USc; TWI-5 = 68.3
6th Jun 25, 7:26am
26
US data volatile and becomes unreliable; Xi and Trump talk; Canadian exports drop hard; China service sector expands; ECB cuts; freight rates jump sharply; UST 10yr at 4.39%; gold down and oil holds; NZ$1 = 60.4 USc; TWI-5 = 68.3
[updated]
A review of things you need to know before you sign off on Thursday; retail expansion hard to find, Crown accounts show embedded deficits, construction in a funk, borrowers go longer, swaps stable, NZD firm, & more
5th Jun 25, 3:59pm
12
A review of things you need to know before you sign off on Thursday; retail expansion hard to find, Crown accounts show embedded deficits, construction in a funk, borrowers go longer, swaps stable, NZD firm, & more
US data weak with the Beige Book confirming malaise; CBO costs Trump's big budget deficits; Canada holds; Japan births at record low; Aussie GDP growth slows; UST 10yr at 4.36%; gold up and oil down; NZ$1 = 60.4 USc; TWI-5 = 68.2
5th Jun 25, 7:20am
2
US data weak with the Beige Book confirming malaise; CBO costs Trump's big budget deficits; Canada holds; Japan births at record low; Aussie GDP growth slows; UST 10yr at 4.36%; gold up and oil down; NZ$1 = 60.4 USc; TWI-5 = 68.2
[updated]
A review of things you need to know before you sign off on Wednesday; more retail rate cuts, Barfoot prices lower, dairy prices lower, new population projections, more vehicle securitisations, swaps stable, NZD holds, & more
4th Jun 25, 3:59pm
34
A review of things you need to know before you sign off on Wednesday; more retail rate cuts, Barfoot prices lower, dairy prices lower, new population projections, more vehicle securitisations, swaps stable, NZD holds, & more
Dairy prices slip; US data underwhelms; Korea elects opposition candidate; China factories slow; EU inflation low; OECD sees lower growth; modest AU minimum wage rise; UST 10yr at 4.46%; gold down and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.1
4th Jun 25, 7:19am
24
Dairy prices slip; US data underwhelms; Korea elects opposition candidate; China factories slow; EU inflation low; OECD sees lower growth; modest AU minimum wage rise; UST 10yr at 4.46%; gold down and oil up; NZ$1 = 60.1 USc; TWI-5 = 68.1
[updated]
Our largest home loan lender shores up its rate position as challengers, including some of its main rivals, shift to lower positions in a tightly competitive market. ASB responds with its own timid changes
3rd Jun 25, 5:06pm
3
Our largest home loan lender shores up its rate position as challengers, including some of its main rivals, shift to lower positions in a tightly competitive market. ASB responds with its own timid changes
[updated]
A review of things you need to know before you sign off on Tuesday; OCR rate cuts flow through, terms of trade high, housing market overstocked, meat prices rise, Stuff mirrors NZME, swaps stable. NZD firmish, & more
3rd Jun 25, 4:00pm
15
A review of things you need to know before you sign off on Tuesday; OCR rate cuts flow through, terms of trade high, housing market overstocked, meat prices rise, Stuff mirrors NZME, swaps stable. NZD firmish, & more
US PMIs contract as inflation rises; elsewhere PMIs contract as inflation falls; China deficit surges; US consumer mood reacts to tariff changes; Aussie job ads decline; UST 10yr at 4.46%; gold and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2
3rd Jun 25, 7:19am
26
US PMIs contract as inflation rises; elsewhere PMIs contract as inflation falls; China deficit surges; US consumer mood reacts to tariff changes; Aussie job ads decline; UST 10yr at 4.46%; gold and oil up; NZ$1 = 60.2 USc; TWI-5 = 68.2
US data downbeat; Trump can't understand why China won't roll over; Canada and India GDP expands; Koreans vote early; Aussie retail dips; UST 10yr at 4.40%; gold and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.9
31st May 25, 8:47am
33
US data downbeat; Trump can't understand why China won't roll over; Canada and India GDP expands; Koreans vote early; Aussie retail dips; UST 10yr at 4.40%; gold and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.9
A review of things you need to know before you sign off on Friday; virtually no retail rate change activity, housing metrics weak, consumer sentiment weak, households keep their cash ready, swaps retreat, NZD firms, & more
30th May 25, 3:59pm
18
A review of things you need to know before you sign off on Friday; virtually no retail rate change activity, housing metrics weak, consumer sentiment weak, households keep their cash ready, swaps retreat, NZD firms, & more
Trump loses tariff case; US data weakish; Japanese sentiment recovers; freight rates and demand rise; passenger travel fully recovers with April surge; UST 10yr at 4.43%; gold up and oil down; NZ$1 = 59.9 USc; TWI-5 = 68
30th May 25, 7:19am
24
Trump loses tariff case; US data weakish; Japanese sentiment recovers; freight rates and demand rise; passenger travel fully recovers with April surge; UST 10yr at 4.43%; gold up and oil down; NZ$1 = 59.9 USc; TWI-5 = 68
Sub 4% rates become pervasive among the major banks. The challenger banks are mostly still in the 4%+ range. And finance companies are still largely offering 5%+ rates. All for DCS guaranteed security
29th May 25, 4:58pm
Sub 4% rates become pervasive among the major banks. The challenger banks are mostly still in the 4%+ range. And finance companies are still largely offering 5%+ rates. All for DCS guaranteed security
[updated]
A review of things you need to know before you sign off on Thursday; business confidence slips, Fonterra extends its $10 payout, KiwiSaver assets swell, insurance stress rises, Govt rolls back RBA impediments, swaps rise, NZD up, & more
29th May 25, 3:59pm
20
A review of things you need to know before you sign off on Thursday; business confidence slips, Fonterra extends its $10 payout, KiwiSaver assets swell, insurance stress rises, Govt rolls back RBA impediments, swaps rise, NZD up, & more
US inflation signals grab attention; Fed waiting for clarity; India factories grow modestly; EU and AU inflation signals draw attention too; UST 10yr at 4.48%; gold down and oil up; NZ$1 = 59.6 USc; TWI-5 = 67.9
29th May 25, 7:19am
57
US inflation signals grab attention; Fed waiting for clarity; India factories grow modestly; EU and AU inflation signals draw attention too; UST 10yr at 4.48%; gold down and oil up; NZ$1 = 59.6 USc; TWI-5 = 67.9
A review of things you need to know before you sign off on Wednesday; RBNZ cuts -25 bps as expected, jobs market gloomy, rental yields stay very low, dairy prices ease, more CCCFA penalties, swaps firmer, NZD softish, & more
28th May 25, 3:59pm
38
A review of things you need to know before you sign off on Wednesday; RBNZ cuts -25 bps as expected, jobs market gloomy, rental yields stay very low, dairy prices ease, more CCCFA penalties, swaps firmer, NZD softish, & more
[updated]
Rate cut announcements to savings accounts have started to flow with the first from ANZ who passed through the full -25 bps cut. ASB only cuts -20 bps
28th May 25, 2:53pm
Rate cut announcements to savings accounts have started to flow with the first from ANZ who passed through the full -25 bps cut. ASB only cuts -20 bps
Wall Street roars on TACO indications on EU tariffs; US data not great' China data ok but worries about carmakers; Korean sentiment recovers; UST 10yr at 4.44%; gold and oil down; NZ$1 = 59.5 USc; TWI-5 = 67.6
28th May 25, 7:28am
28
Wall Street roars on TACO indications on EU tariffs; US data not great' China data ok but worries about carmakers; Korean sentiment recovers; UST 10yr at 4.44%; gold and oil down; NZ$1 = 59.5 USc; TWI-5 = 67.6
[updated]
A review of things you need to know before you sign off on Tuesday; BNZ early out of the blocks, mortgage growth, record bank industry profits, NZ Super takes larger share, eyes on a2 Milk's ambitions, swaps steady, NZD eases, & more
27th May 25, 4:00pm
55
A review of things you need to know before you sign off on Tuesday; BNZ early out of the blocks, mortgage growth, record bank industry profits, NZ Super takes larger share, eyes on a2 Milk's ambitions, swaps steady, NZD eases, & more
[updated]
BNZ trims its fixed home loan rates to levels lower than its main rivals for all terms three years and shorter, and to market-leading levels for 18 months, 2 years and three years
27th May 25, 8:33am
6
BNZ trims its fixed home loan rates to levels lower than its main rivals for all terms three years and shorter, and to market-leading levels for 18 months, 2 years and three years
[updated]
BNZ jumped the gun with a -25 bps floating rate cut, ANZ, ASB only cut -20 bps, and now Westpac only passes on -15 bps of the OCR cut, as does Kiwibank
27th May 25, 8:03am
2
BNZ jumped the gun with a -25 bps floating rate cut, ANZ, ASB only cut -20 bps, and now Westpac only passes on -15 bps of the OCR cut, as does Kiwibank
US holiday exposes weaknesses growing from tariff missteps; OECD says Canada will absorb tariff threats without recession; Singapore factory production swells; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 60 USc; TWI-5 = 67.9
27th May 25, 7:19am
17
US holiday exposes weaknesses growing from tariff missteps; OECD says Canada will absorb tariff threats without recession; Singapore factory production swells; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 60 USc; TWI-5 = 67.9
A review of things you need to know before you sign off on Monday; some retail rate realignments, fewer working aged migrants, mortgage borrowers switch at faster pace, swaps stable, NZD at seven month high, & more
26th May 25, 3:59pm
16
A review of things you need to know before you sign off on Monday; some retail rate realignments, fewer working aged migrants, mortgage borrowers switch at faster pace, swaps stable, NZD at seven month high, & more
Foreign direct investment leaks away from China; Japanese inflation holds high; Taiwanese factories very busy; US on holiday amid new tariff threats; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 59.9 USc; TWI-5 = 67.8
26th May 25, 7:19am
5
Foreign direct investment leaks away from China; Japanese inflation holds high; Taiwanese factories very busy; US on holiday amid new tariff threats; UST 10yr at 4.51%; gold dips and oil holds; NZ$1 = 59.9 USc; TWI-5 = 67.8
Trump lashes out again; US new home sales surge; China FDI shrinks; questions over China bank viability; Singapore inflation low; Taiwan factories very busy; UST 10yr at 4.52%; gold jumps and oil firm; NZ$1 = 59.9 USc; TWI-5 = 67.8
24th May 25, 8:59am
14
Trump lashes out again; US new home sales surge; China FDI shrinks; questions over China bank viability; Singapore inflation low; Taiwan factories very busy; UST 10yr at 4.52%; gold jumps and oil firm; NZ$1 = 59.9 USc; TWI-5 = 67.8
A review of things you need to know before you sign off on Friday; retail rate changes quiet, inflation expectations high, jobs & retail firm from weak base, asking rents fall, swaps stable, NZD slips, & more
23rd May 25, 4:00pm
13
A review of things you need to know before you sign off on Friday; retail rate changes quiet, inflation expectations high, jobs & retail firm from weak base, asking rents fall, swaps stable, NZD slips, & more