Australia’s central bank bars Canadian investment bank from private briefings after leak: sources

That is the 2d event of a leak after the Reserve Monetary institution of Australia (RBA) was as soon as criticised final 365 days when then Governor Philip Lowe briefed traders at a non-public assembly hosted by Barrenjoey Capital Partners, after the central bank greatly surprised markets with a hawkish outlook on charges

Reuters

01 October, 2024, 01:15 pm

Final modified: 01 October, 2024, 01:20 pm

Australia’s central bank has barred Canada’s global funding bank from confidential briefings after one of its purchasers leaked small print from a closed door briefing, two sources conscious of the decision acknowledged on Tuesday.

That is the 2d event of a leak after the Reserve Monetary institution of Australia (RBA) was as soon as criticised final 365 days when then Governor Philip Lowe briefed traders at a non-public assembly hosted by Barrenjoey Capital Partners, after the central bank greatly surprised markets with a hawkish outlook on charges.

Assistant Governor Christopher Kent met with economists and trading purchasers of RBC Capital Markets, the funding banking arm of Royal Monetary institution of Canada, in February after the RBA held the money price fashionable at 4.35%, two sources suggested Reuters. The sources did not must be identified as the discussions were private.

Following the assembly, RBC Capital Markets’ trading shopper shared what Kent acknowledged on the briefing with an exterior affiliate, the sources acknowledged.