Mortgage News

Quake impact likely to be modest

Monday 14th of November 2016

The 7.5 earthquake which hit North Canterbury last night has caused damage in a number of towns and cities, as well as to transport infrastructure around the country.

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

The damage and destruction caused by that earthquake was immediately obvious.

However, this time...

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