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Video: House sales down, Kiwi below 53 USc, ECB cuts 50bps

Posted in News January 16, 2009 - 07:28am, David Chaston

REINZ and QV figures show big drop in house sale volumes. Prices in December fell, and days to sell was up.

The European Central Bank cut its key rate by 50 basis points to 2%, equaling its record low. Expectations are for it to be slowly lowered further, but by smaller margins.

Oil was selling in the US$33 range, the Kiwi dipped into the 52 USc range and the Dow has had a big losing streak since the start of 2009.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

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