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Images for Bank of New Zealand; more images...

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, Alexander Turnbull Library

Shows a graph illustrating the 'Growth forecast' for the economy. A large finger representing the 'Reserve Bank' squashes the growth arrow as though it is a fly and it starts to zig-zag crazily downwards. The statement made 16th September looked a shadow of the bright one the Reserve Bank published three months ago. With its forecasts finalised the day before the Canterbury earthquake struck, the Bank has taken secateurs to its economic growth track, and a carving knife to its interest rate path. Instead of GDP growth pushing 4% this year and next, for example, it now struggles to reach 3% in each. It's tempting to think this has been driven by the wobbling international news over recent months. In fact it's been because of a suddenly sombre view around NZ consumer spending and the housing market. (Interest.co.nz) Quantity: 1 digital cartoon(s).

Videos, UC QuakeStudies

A video about the Student Volunteer Army delivering chemical toilets and building sandbag walls in Avondale after the 22 February 2011 earthquake. The sandbag walls are being built along the banks of the Avon River to prevent flooding caused by land subsidence.

Videos, UC QuakeStudies

A video of the removal of the earthquake-damaged Medway Street bridge from the banks of the Avon River. The video shows members of the Stronger Christchurch Infrastructure Rebuild Team removing the bridge and preparing it for transport to the Ferrymead Heritage Park. It will remain at the park until a permanent home can be found for it as an earthquake memorial.

Audio, Radio New Zealand

Tourist operators in Akaroa on the Banks Peninsula hit hard by the effects of the Christchurch earthquake are making a desperate push to lure back the tourists.

Audio, Radio New Zealand

The state of emergency in Christchurch has just been extended until midday on Wednesday. In latest developments Canterbury Civil Defence is now warning people to prepare for potential flooding, only two days after the major earthquake that caused widespread damage to much of the region.

Images, UC QuakeStudies

Photograph captioned by Fairfax, "Aftermath of the earthquake in Christchurch where the cleanup has begun. Teams of building inspectors gathered at the Linwood Service Centre before heading into the eastern suburbs en masse. Jeanette Banks, centre right, shares the relief of having had her property inspected with sister and Red Cross member Sandie Horne, down from Nelson. Napier building inspector, Gary Marshall, left, and City Council planner, Kent Wilson at right".

Images, UC QuakeStudies

Photograph captioned by Fairfax, "Aftermath of the earthquake in Christchurch where the cleanup has begun. Teams of building inspectors gathered at the Linwood Service Centre before heading into the eastern suburbs en masse. Jeanette Banks, centre right, shares the relief of having had her property inspected with sister and Red Cross member Sandie Horne, down from Nelson. Napier building inspector, Gary Marshall, left, and City Council planner, Kent Wilson at right".

Images, UC QuakeStudies

A digitally manipulated photograph of broken windows on Shadbolt House. The photographer comments, "This was close to the start of the demolition of the earthquake damaged Shadbolt House building in the Port of Lyttelton, New Zealand. In the bright sun the glass reflected the blue sky, but the broken windows only reflected the blackness of the interior of the empty broken building".

Audio, Radio New Zealand

Principal of Banks Ave School, Murray Edlin, and Canterbury Primary Principals Association president, John Bangma, discuss the issue of earthquake damaged schools in property repairs funding shock.

Research papers, The University of Auckland Library

This thesis presents an assessment of historic seismic performance of the New Zealand stopbank network from the 1968 Inangahua earthquake through to the 2016 Kaikōura earthquake. An overview of the types of stopbanks and the main aspects of the design and construction of earthen stopbanks was presented. Stopbanks are structures that are widely used on the banks of rivers and other water bodies to protect against the impact of flood events. Earthen stopbanks are found to be the most used for such protection measures. Different stopbank damage or failure modes that may occur due to flooding or earthquake excitation were assessed with a focus on past earthquakes internationally, and examples of these damage and failure modes were presented. Stopbank damage and assessment reports were collated from available reconnaissance literature to develop the first geospatial database of stopbank damage observed in past earthquakes in New Zealand. Damage was observed in four earthquakes over the past 50 years, with a number of earthquakes resulting in no stopbank damage. The damage database therefore focussed on the Edgecumbe, Darfield, Christchurch and Kaikōura earthquakes. Cracking of the crest and liquefaction-induced settlement were the most common forms of damage observed. To understand the seismic demand on the stopbank network in past earthquakes, geospatial analyses were undertaken to approximate the peak ground acceleration (PGA) across the stopbank network for ten large earthquakes that have occurred in New Zealand over the past 50 years. The relationship between the demand, represented by the peak ground acceleration (PGA) and damage is discussed and key trends identified. Comparison of the seismic demand and the distribution of damage suggested that the seismic performance of the New Zealand stopbank network has been generally good across all events considered. Although a significant length of the stopbank networks were exposed to high levels of shaking in past events, the overall damage length was a small percentage of this. The key aspect controlling performance was the performance of the underlying foundation soils and the effect of this on the stopbank structure and stability.

Images, Alexander Turnbull Library

Text top left reads 'Downsizemic activity' and a seismic graph zigzags wildly but gradually tails off into the words 'Interest rates' which take a serious downwards trend. Context - The Christchurch earthquakes of 4 September 2010 and 22 February 2011 which have had an impact on an already stagnating economy. The Reserve Bank has made a relatively large 50-point cut in its benchmark interest rate, the Official Cash Rate (from 3% to 2.5 per cent). Critics say that inflation is already running unacceptably high and there is a threat of much higher inflation in a year or two when the rebuilding of Christchurch begins to put pressure on limited resources. The Reserve Bank acknowledged these factors, but it has chosen instead to focus on the immediate impact of the earthquake on the economy and particularly on all-important business and consumer sentiment. (Press editorial 12 March 2011) Quantity: 1 digital cartoon(s).

Images, Alexander Turnbull Library

Finance Minister Bill English scratches his head with frustration as he stands up to his chest in earthquake rubble that represents the 'economy'. Allan Bollard the Governor of the Reserve Bank appears in gumboots asking if he can 'help with rebuilding..? by making an 'OCR cut'; he holds a collection box labeled 'OCR cut'. Context - Two earthquakes and hundreds of aftershocks have hit Christchurch, the first on 4 September 2010 and a second more devastating one on 22 February 2011. The Reserve Bank has made a relatively large 50-point cut in its benchmark interest rate, the Official Cash Rate (from 3% to 2.5 per cent). Critics say that inflation is already running unacceptably high and there is a threat of much higher inflation in a year or two when the rebuilding of Christchurch begins to put pressure on limited resources. The Reserve Bank acknowledged these factors, but it has chosen instead to focus on the immediate impact of the earthquake on the economy and particularly on all-important business and consumer sentiment. (Press editorial 12 March 2011) Quantity: 1 digital cartoon(s).