Euro Housing Still on the Decline Despite Rate Cuts

November 17, 2008

Aggressive rate cuts over the past week - the Bank of England's (BofE) 150 basis points easing along with the European Central Bank's 50 basis points cut - are likely to improve loan affordability in existing household credit. However, the cuts might not be enough to curb the downward cycle in highly levered European housing markets, experts said.

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