Most businesses with operations in the centre of Christchurch have lost some production, generally from the impact on their workforce. The Canterbury Employers Chamber of Commerce estimates around 30 percent of businesses in Christchurch were materially impacted by the February quake. However, we may be seeing the first signs of a stabilisation phase, with business confidence surveys recovering strongly.
Jörg Asmussen: The costs and benefits of unorthodox monetary policy Speech by Mr Jörg Asmussen, Member of the Executive Board of the European Central Bank, at the European Conference 2013, organised by UBS, London, 12 November 2013. *  *  *  Ladies and Gentlemen, It’s a great pleasure to participate in this panel on unorthodox monetary policy.