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Reader poll

Petrol prices
32% (66 votes)
31% (64 votes)
The NZX50
16% (33 votes)
Term deposit interest rates
16% (33 votes)
Mortgage interest rates
5% (11 votes)
Total voters: 207

Which of these will have the biggest percentage decline this year?

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Holiday briefing: Greece decides

Greeks reject austerity; Europeans worry the ECB stimulus is not enough; US housing and growth picks up; China stocks up on oil; NZ$1 = 77.4 USc, TWI = 77.9

What happened Friday

A review of things you need to know before you go home on Friday; down, down, down; five year mortgage rates fall below 6%, Govt deficit smaller, Govt bond yields below cash, NZD lower

ECB exceed expectations on QE amount

NZDUSD down to June 2012 levels following ECB's bond buying program announcement; equity markets stronger across the board; gold price back over $1,300

90 seconds at 9 am: ECB acts, finally

ECB bond buying program announced; China adds liquidity; UST 10yr yields rise again; NZ swaps fall; oil down again, gold up; NZ$1 = 75.4 USc, TWI = 78.1

What happened Thursday

A review of things you need to know before you go home on Thursday; factories happy, rents rising, consumers very happy, farms sell well, swap rates fall sharply, Kiwi dollar flat-lines

Surprise central bank move sends NZD lower

Market caught by Bank of Canada rate cut announcement, NZD sharply lower; ECB QE program anticipated to be EUR50 bln per month

90 seconds at 9 am: ECB under intense scrutiny

Massive ECB speculation; Chinese banks under pressure; US housing starts surge; Canada cuts rates; UST yields firmer; NZD slides; NZ$1 = 75.7 USc, TWI = 78

What happened Wednesday

A review of things you need to know before you go home on Wednesday; even more mortgage cuts, plus some TD reductions too, good deflation, a $10 bln boost, a lower NZD

Dairy prices rebound

Latest Fonterra auction sees dairy prices up 1% on average; NZD one of the worst performers overnight; IMF cuts global growth forecasts but upgrades US outlook

90 seconds at 9 am: Small dairy price rise

Dairy prices rise again, but payout likely to fall; China property market gains, growth better than expected; IMF downbeat; UST 10yr yields fall; NZ$1 = 76.9 USc, TWI = 79.2