Mortgage News

Post-earthquake OCR cut unlikely

Friday 18th of November 2016

Following the devastating February 2011 Canterbury earthquake, the Reserve Bank cut the OCR by 50 basis points.

But, while the recent earthquakes have caused significant damage to a number of towns, cities and key infrastructure, a similar response from the Reserve Bank this time round is not on the cards.

ANZ chief economist Cameron Bagrie said that with the economy already opera...

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