Reserve Bank tracks down leak from lockup to Mediaworks, sees no evidence of market impact

Thu, 14 Apr 2016

By Tina Morrison April 14 (BusinessDesk) - New Zealand's Reserve Bank said its decision to cut interest rates last month was leaked by a Newshub Mediaworks reporter from the media lockup and it will stop offering journalists and analysts embargoed access to sensitive reports as a result. It found no evidence the leak led to any financial market impact. An independent investigation by Deloitte’s forensic unit found that, contrary to the rules of the lock-up, information on the bank’s decision to cut the official cash rate was transmitted b...

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