RBNZ Accidentally Leaked New Stimulus to Financial Firms Early

New Zealand’s central bank said it accidentally disclosed sensitive information from its latest Monetary Policy Statement to a group of financial services firms before the official publication time last week. The information was in a letter sent to non-bank financial institutions 45 minutes before the official release of the policy statement at 2 p.m. on Nov. 11 in Wellington, the Reserve Bank said in a statement Wednesday. The letter confirmed the RBNZ’s decision to introduce a new round of monetary stimulus in the form of a Funding for Lending Program, but did not contain specifics, it said. “The limited … (full story)

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