sign up log in
Want to go ad-free? Find out how, here.

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

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

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 comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.