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Straight into it this week with the REINZ HPI leading the way after reporting another drop in values in January (following the same in December).
This triggers a more critical look at the market factors at play - with a particular focus on the potential for greater weakness in the market, sooner than we'd previously been expecting.
A very interesting article from Economist Cameron Bagrie on Business Desk then prompts consideration of a more vulnerable economy and labour market than has widely been considered. Perhaps the key question being how will the Government support businesses coping with reduced consumer mobility and activity through the red traffic light settings (as well as those in Wellington affected by the protests).
There's also debt-to-income data from the Reserve Bank to digest and a look ahead to their Monetary Policy Statement (MPS) this Wednesday which will almost certainly include a lift in the Official Cash Rate (OCR) to 1.00%.
Links to check out this week:
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