Constructive RBNZ, media relationship not worth the risk and cost of lock-ups

Tue, 02 Aug 2016

By Paul McBeth Aug. 3 (BusinessDesk) - The Reserve Bank will end lock-ups for journalists and market analysts permanently after deciding the costs to police embargoes and the risk of another breach outweighed the benefits of having a positive relationship with the media or allowing more informed analysis and commentary. From Aug. 11, full monetary policy statements will be released at 9am followed by a briefing for media at 10am, while financial stability reports will be released at 9am and a briefing held at 11am to allow reporters more...

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