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 Wednesday; bad current account deficit, NZSF makes virtue switch, HPI records housing falls, swaps up, NZD down, & more
14th Sep 22, 3:59pm
71
A review of things you need to know before you sign off on Wednesday; bad current account deficit, NZSF makes virtue switch, HPI records housing falls, swaps up, NZD down, & more
US inflation slips less than expected; pressure comes from costs other than fuel; markets fear hard landing; China faces Fosun meltdown; German sentiment dives; UST 10yr 3.42%; gold and oil soft; NZ$1 = 60.1 USc; TWI-5 = 69.8
14th Sep 22, 7:28am
89
US inflation slips less than expected; pressure comes from costs other than fuel; markets fear hard landing; China faces Fosun meltdown; German sentiment dives; UST 10yr 3.42%; gold and oil soft; NZ$1 = 60.1 USc; TWI-5 = 69.8
A review of things you need to know before you sign off on Tuesday; house prices drop fast, food prices rise fast, rents rises mixed, swaps lower and more inverted, NZD holds, & more
13th Sep 22, 4:56pm
19
A review of things you need to know before you sign off on Tuesday; house prices drop fast, food prices rise fast, rents rises mixed, swaps lower and more inverted, NZD holds, & more
US inflation expectations ease; world grain supply holds; Japanese machine tool orders up; China buys more from Australia; India inflation up, factory output hesitates; UST 10yr 3.36%; gold and oil firm; NZ$1 = 61.5 USc; TWI-5 = 70.7
13th Sep 22, 7:19am
79
US inflation expectations ease; world grain supply holds; Japanese machine tool orders up; China buys more from Australia; India inflation up, factory output hesitates; UST 10yr 3.36%; gold and oil firm; NZ$1 = 61.5 USc; TWI-5 = 70.7
A review of things you need to know before you sign off on Monday; quiet on the rates front, busy at the border, losses at the NZSF, a one-off public holiday, swaps quiet, NZ stable, & more
12th Sep 22, 3:59pm
24
A review of things you need to know before you sign off on Monday; quiet on the rates front, busy at the border, losses at the NZSF, a one-off public holiday, swaps quiet, NZ stable, & more
China toys with deflation again; US sentiment improves as cost pressures ease; US inventories rise; Fed signals more outsized hikes; no inflation relief in NZ; UST 10yr 3.32%; gold firm and oil soft; NZ$1 = 61 USc; TWI-5 = 70.5
12th Sep 22, 7:19am
88
China toys with deflation again; US sentiment improves as cost pressures ease; US inventories rise; Fed signals more outsized hikes; no inflation relief in NZ; UST 10yr 3.32%; gold firm and oil soft; NZ$1 = 61 USc; TWI-5 = 70.5
US inventories up as sales growth struggles; Canadian jobs shrink unexpectedly; China loan growth distorted; China inflation vanishes again; UST 10yr 3.32%; gold and oil up; NZ$1 = 61 USc; TWI-5 = 70.5
10th Sep 22, 8:09am
49
US inventories up as sales growth struggles; Canadian jobs shrink unexpectedly; China loan growth distorted; China inflation vanishes again; UST 10yr 3.32%; gold and oil up; NZ$1 = 61 USc; TWI-5 = 70.5
A review of things you need to know before you sign off on Friday; more retail rate rises, truckometer signals positive, retail positive too, Fonterra earnings up, China inflation vanishes, swaps and NZD recover & more
9th Sep 22, 3:59pm
32
A review of things you need to know before you sign off on Friday; more retail rate rises, truckometer signals positive, retail positive too, Fonterra earnings up, China inflation vanishes, swaps and NZD recover & more
US labour markets stay tight; US consumer credit growth slows; Evergrande's final days; Japan growth rises; ECB hikes by +75 bps; Lowe turns dovish; UST 10yr 3.29%; gold down and oil up; NZ$1 = 60.6 USc; TWI-5 = 70.4
9th Sep 22, 7:19am
104
US labour markets stay tight; US consumer credit growth slows; Evergrande's final days; Japan growth rises; ECB hikes by +75 bps; Lowe turns dovish; UST 10yr 3.29%; gold down and oil up; NZ$1 = 60.6 USc; TWI-5 = 70.4
A review of things you need to know before you sign off on Thursday; some retail rate rises, Marsden Point changes affect GDP data, Westpac NZ pays up, Lowe moves markets, swaps fall, NZD rises, & more
8th Sep 22, 3:59pm
28
A review of things you need to know before you sign off on Thursday; some retail rate rises, Marsden Point changes affect GDP data, Westpac NZ pays up, Lowe moves markets, swaps fall, NZD rises, & more
[updated]
ASB raises two fixed home loan rates. ANZ does too. The increases are small, but add to a rising direction of flatter and higher rates, taking levels back to what we had in 2015
8th Sep 22, 9:15am
102
ASB raises two fixed home loan rates. ANZ does too. The increases are small, but add to a rising direction of flatter and higher rates, taking levels back to what we had in 2015
US data lackluster; Fed reinforces inflation-fighting target; Canada raises rates +75 bps; China exports weak, reserves fall; air cargo volumes decline; Aussie GDP up; UST 10yr 3.27%; gold up and oil down; NZ$1 = 60.6 USc; TWI-5 = 70.4
8th Sep 22, 7:23am
50
US data lackluster; Fed reinforces inflation-fighting target; Canada raises rates +75 bps; China exports weak, reserves fall; air cargo volumes decline; Aussie GDP up; UST 10yr 3.27%; gold up and oil down; NZ$1 = 60.6 USc; TWI-5 = 70.4
A review of things you need to know before you sign off on Wednesday; ETS prices up. dairy prices up, retail doing it tough, AU economy expanding solidly, swaps jump again, NZD sinks again, & more
7th Sep 22, 3:59pm
24
A review of things you need to know before you sign off on Wednesday; ETS prices up. dairy prices up, retail doing it tough, AU economy expanding solidly, swaps jump again, NZD sinks again, & more
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
48
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