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
Both ASB and Westpac follow up their home loan rate cuts with reduced rates for term deposit savers. Now three institutions (including these two) no longer offer any 5% rates
17th Jan 25, 2:33pm
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Both ASB and Westpac follow up their home loan rate cuts with reduced rates for term deposit savers. Now three institutions (including these two) no longer offer any 5% rates
ASB has kickstarted the 2025 mortgage market competition with -20 bps rate cuts to have the most competitive home loan rate card among the main banks
17th Jan 25, 8:35am
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ASB has kickstarted the 2025 mortgage market competition with -20 bps rate cuts to have the most competitive home loan rate card among the main banks
US data mixed; Korea holds rates unexpectedly; Country Garden reports huge loss; Aussie jobs gains strong, bring doubt about rate cuts; UST 10yr at 4.61%; gold up and oil holds; NZ$1 = 56.2 USc; TWI = 66.9
17th Jan 25, 7:19am
37
US data mixed; Korea holds rates unexpectedly; Country Garden reports huge loss; Aussie jobs gains strong, bring doubt about rate cuts; UST 10yr at 4.61%; gold up and oil holds; NZ$1 = 56.2 USc; TWI = 66.9
A review of things you need to know before you sign off on Thursday; Westpac matched BNZ at 5.99%, food prices show little inflation, TM sees very soft house buyer interest, swaps settle back, NZD holds, & more
16th Jan 25, 3:59pm
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A review of things you need to know before you sign off on Thursday; Westpac matched BNZ at 5.99%, food prices show little inflation, TM sees very soft house buyer interest, swaps settle back, NZD holds, & more
US CPI inflations delivers no surprise; markets react with glee; US home loan applications jump; US bank earnings jump; Japan nears rate hike; Indonesia makes a cut; UST 10yr at 4.66%; gold and oil up; NZ$1 = 56.1 USc; TWI = 67
16th Jan 25, 7:19am
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US CPI inflations delivers no surprise; markets react with glee; US home loan applications jump; US bank earnings jump; Japan nears rate hike; Indonesia makes a cut; UST 10yr at 4.66%; gold and oil up; NZ$1 = 56.1 USc; TWI = 67
A review of things you need to know before you sign off on Wednesday; employment confidence rises, milk powder prices hold, overseas workers & students back at pre-pandemic levels, eyes on swap rate, NZD stable, & more
15th Jan 25, 3:59pm
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A review of things you need to know before you sign off on Wednesday; employment confidence rises, milk powder prices hold, overseas workers & students back at pre-pandemic levels, eyes on swap rate, NZD stable, & more
US sentiment mixed, retail eases and PPI gives inflation signals; US demographics changing; China bank lending up; Aussie sentiment lower; UST 10yr at 4.81%; gold up and oil down; NZ$1 = 56 USc; TWI = 67
15th Jan 25, 7:19am
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US sentiment mixed, retail eases and PPI gives inflation signals; US demographics changing; China bank lending up; Aussie sentiment lower; UST 10yr at 4.81%; gold up and oil down; NZ$1 = 56 USc; TWI = 67
[updated]
A review of things you need to know before you sign off on Tuesday; BNZ trims TD rates, business sentiment jumps, fewer Auckland dwelling built, home ownership better, grocery price rises tamer, swaps stable, NZD rises, & more
14th Jan 25, 3:59pm
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A review of things you need to know before you sign off on Tuesday; BNZ trims TD rates, business sentiment jumps, fewer Auckland dwelling built, home ownership better, grocery price rises tamer, swaps stable, NZD rises, & more
Term deposit savers are facing lower interest rates in 2025 from a number of factors, not the least of which is that banks face depressed lending opportunities. The DCS is also a factor
14th Jan 25, 10:26am
5
Term deposit savers are facing lower interest rates in 2025 from a number of factors, not the least of which is that banks face depressed lending opportunities. The DCS is also a factor
US inflation expectations unchanged; Chinese exports surge; India's inflation eases; Aussie inflation signals up; Spain proposes 100% property sales tax; UST 10yr at 4.77%; gold down and oil up; NZ$1 = 55.5 USc; TWI = 66.6
14th Jan 25, 7:19am
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US inflation expectations unchanged; Chinese exports surge; India's inflation eases; Aussie inflation signals up; Spain proposes 100% property sales tax; UST 10yr at 4.77%; gold down and oil up; NZ$1 = 55.5 USc; TWI = 66.6
A review of things you need to know before you sign off on Monday; Heartland trims TD rates, building consents not recovering, but filled jobs rise, swaps stable but long bond rates jump, oil up sharply, NZD holds, & more
13th Jan 25, 3:59pm
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A review of things you need to know before you sign off on Monday; Heartland trims TD rates, building consents not recovering, but filled jobs rise, swaps stable but long bond rates jump, oil up sharply, NZD holds, & more
Benchmark bond yields are in the middle of significant change in many countries, NZ included. While it is hard to know where things will settle, we track the shifts so far
13th Jan 25, 11:42am
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Benchmark bond yields are in the middle of significant change in many countries, NZ included. While it is hard to know where things will settle, we track the shifts so far
Eyes on inflation's track; US jobs rose more than expected; American fear upcoming inflation; China struggles to contain economic stagger; Aussie tax receipts surge; UST 10yr at 4.76%; gold and oil up; NZ$1 = 55.6 USc; TWI = 66.6
13th Jan 25, 7:19am
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Eyes on inflation's track; US jobs rose more than expected; American fear upcoming inflation; China struggles to contain economic stagger; Aussie tax receipts surge; UST 10yr at 4.76%; gold and oil up; NZ$1 = 55.6 USc; TWI = 66.6
Expectations are being built for big home loan rate cuts leading up to the February OCR review and beyond. But there is more going on in the world than weak NZ housing sales. What are the chances that mortgage rates will follow the OCR down?
12th Jan 25, 6:30am
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Expectations are being built for big home loan rate cuts leading up to the February OCR review and beyond. But there is more going on in the world than weak NZ housing sales. What are the chances that mortgage rates will follow the OCR down?
US jobs market stronger than expected; US consumers fear impending inflation; financial markets fear rate cut delays; insurers fear climate impacts; China fears bond pressures; UST 10yr at 4.76%; gold and oil up; NZ$1 = 55.6 USc; TWI = 66.6 (really)
11th Jan 25, 8:16am
137
US jobs market stronger than expected; US consumers fear impending inflation; financial markets fear rate cut delays; insurers fear climate impacts; China fears bond pressures; UST 10yr at 4.76%; gold and oil up; NZ$1 = 55.6 USc; TWI = 66.6 (really)
China still battling deflation, moves to defend the yuan; Japanese wages rise; India growth slows; Aussie retail rises; freight rates twist; UST 10yr at 4.69%; gold and oil up; NZ$1 = 56 USc; TWI = 66.9
10th Jan 25, 7:27am
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China still battling deflation, moves to defend the yuan; Japanese wages rise; India growth slows; Aussie retail rises; freight rates twist; UST 10yr at 4.69%; gold and oil up; NZ$1 = 56 USc; TWI = 66.9
Asking prices of homes for sale on Realestate.co.nz fell again in December taking them -17.6% below their January 2022 peak
10th Jan 25, 5:00am
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Asking prices of homes for sale on Realestate.co.nz fell again in December taking them -17.6% below their January 2022 peak
US data positive; rates for long-dated bonds rise; China expands its consumer subsidies; EU sentiment slips; Aussie inflation stable but more job vacancies; UST 10yr at 4.68%; gold up and oil down; NZ$1 = 56.1 USc; TWI = 66.9
9th Jan 25, 7:29am
139
US data positive; rates for long-dated bonds rise; China expands its consumer subsidies; EU sentiment slips; Aussie inflation stable but more job vacancies; UST 10yr at 4.68%; gold up and oil down; NZ$1 = 56.1 USc; TWI = 66.9
For the first time in more than a decade a new registered non-bank financial institution is about to launch, Welcome Investments & Loans
8th Jan 25, 2:48pm
14
For the first time in more than a decade a new registered non-bank financial institution is about to launch, Welcome Investments & Loans
Although the latest full dairy auction recorded lower prices, in perspective of broader market forces the dairy sector is in good shape. It may lead the overall economy out of its recession
8th Jan 25, 9:13am
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Although the latest full dairy auction recorded lower prices, in perspective of broader market forces the dairy sector is in good shape. It may lead the overall economy out of its recession
Dairy prices slip; US data strong; minerals slip on China demand; EU inflation up; Aussie building consents weaken; UST 10yr at 4.69%; gold and oil up; NZ$1 = 56.5 USc; TWI = 67.1
8th Jan 25, 7:43am
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Dairy prices slip; US data strong; minerals slip on China demand; EU inflation up; Aussie building consents weaken; UST 10yr at 4.69%; gold and oil up; NZ$1 = 56.5 USc; TWI = 67.1
Barfoot & Thompson's sales and selling prices were both lower in December on seasonality factors but their mountain of stock remains an issue even if they sold slightly more in the month than they took in new listings
7th Jan 25, 10:24am
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Barfoot & Thompson's sales and selling prices were both lower in December on seasonality factors but their mountain of stock remains an issue even if they sold slightly more in the month than they took in new listings
Australia leads a global rise in services PMIs; China improves; Trudeau resigns; German inflation rises; eyes on China financial markets; UST 10yr at 4.63%; gold and oil little-changed; NZ$1 = 56.5 USc; TWI = 67
7th Jan 25, 7:23am
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Australia leads a global rise in services PMIs; China improves; Trudeau resigns; German inflation rises; eyes on China financial markets; UST 10yr at 4.63%; gold and oil little-changed; NZ$1 = 56.5 USc; TWI = 67
A bond bubble is developing in Chinese financial markets and regulators are scrambling to contain it and defuse the underlying causes
6th Jan 25, 3:25pm
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A bond bubble is developing in Chinese financial markets and regulators are scrambling to contain it and defuse the underlying causes
Commodity prices show weakness; China extends support, promises more; US still worried about inflation; heat & bushfires return to Australia; UST 10yr at 4.60%; gold and oil little-changed; NZ$1 = 56.1 USc; TWI = 66.8
6th Jan 25, 7:18am
60
Commodity prices show weakness; China extends support, promises more; US still worried about inflation; heat & bushfires return to Australia; UST 10yr at 4.60%; gold and oil little-changed; NZ$1 = 56.1 USc; TWI = 66.8