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.
Please click here to view this video.
This article has kindly been republished courtesy of interest.co.nz. To view this article and other news updates from
Posted: 16 Jan 2009
News articles
Browse articles
by date
