Earthquake muddies picture on future OCR rises
Audio, Radio New Zealand
The Canterbury earthquake and a stuttering national economy mean the Reserve Bank is likely to leave the Official Cash Rate unchanged this morning.
The Canterbury earthquake and a stuttering national economy mean the Reserve Bank is likely to leave the Official Cash Rate unchanged this morning.
Photograph captioned by Fairfax, "Aftermath of the earthquake in Christchurch where the cleanup has begun. USAR teams assess the parapet on the National Bank on Riccarton Road as staff look on from inside. It was deemed to be safe".