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Audio, Radio New Zealand

The Reserve Bank has cut its benchmark interest rate, to support the economy against the impact of the Covid-19 virus. The central bank cut its official cash rate to 0.25 percent from one percent. Governor Adrian Orr says the cut is necessary to support businesses and employment. The last time the Reserve Bank made such a big cut was in March 2011 after the Canterbury earthquake. Last week, the bank outlined a range of unconventional monetary policy tools such as negative interest rates, special loans to banks, and buying bonds to put money into the economy. Cameron Bagrie is an independent economist. He speaks to Susie Ferguson.

Images, UC QuakeStudies

The damaged Snell Place footbridge. A crack is visible at the apex of the span. The photographer comments, "Before the Christchurch earthquakes this bridge used to be just just 9 feet at high tide above the River Avon. Now with the ends pushed together it has probably moved up another 9 feet".

Images, UC QuakeStudies

A fence, road cones and a no entry sign block off part of the road at the intersection of North Parade and Banks Avenue in Richmond. A spray-painted sign on the fence reads "No thru traffic. Residents only." The photographer comments, "The entry to Banks Avenue from North Parade".