The Reserve Bank of New Zealand (RBNZ) said on Thursday that an independent investigation confirmed that its March decision to cut interest rates was leaked by a journalist before the official release.
“The 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 OCR [official cash rate] was transmitted by a Newshub Mediaworks reporter to several people in the Newshub office from the media lockup for the Monetary Policy Statement on 10 March,” the RBNZ said in a statement.
The information was then passed to an economics blogger, who alerted the RBNZ after the official announcement, the statement said.
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