Australia's central bank bars Canadian investment bank from private briefings after leak: sources
This is the second instance of a leak after the Reserve Bank of Australia (RBA) was criticised last year when then Governor Philip Lowe briefed traders at a private meeting hosted by Barrenjoey Capital Partners, after the central bank surprised markets with a hawkish outlook on rates
Australia's central bank has barred Canada's global investment bank from confidential briefings after one of its clients leaked details from a closed door briefing, two sources aware of the decision said on Tuesday.
This is the second instance of a leak after the Reserve Bank of Australia (RBA) was criticised last year when then Governor Philip Lowe briefed traders at a private meeting hosted by Barrenjoey Capital Partners, after the central bank surprised markets with a hawkish outlook on rates.
Assistant Governor Christopher Kent met with economists and trading clients of RBC Capital Markets, the investment banking arm of Royal Bank of Canada, in February after the RBA held the cash rate steady at 4.35%, two sources told Reuters. The sources did not want to be identified as the discussions were private.
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Following the meeting, RBC Capital Markets' trading client shared what Kent said at the briefing with an external associate, the sources said.
