Covid-19: Economist on official cash rate cut

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.

CH Earthquake:CTV victims' families continue push for justice

Audio, Radio New Zealand

The families of those who died in the CTV building's collapse during the Christchurch Earthquake in February of 2011 are vowing to continue their Fight For Justice after The Independent Police Conduct Authority rejected their complaint about the Police Investigation . The Police decided 3 years ago not to lay charges against the building's designer. Yesterday the families announced that the IPCA, the body that advised the Police, had told them that it had no jurisdiction over Crown Law. Families spokesperson, Maan Alkaisi, told reporter Conan Young that they will continue to push for somebody to be held to account. He wants a retired judge to take another look at the decision not to prosecute.