RBA Faces Questions Over Off-the-Record Briefings With Banks
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The Reserve Bank of Australia is facing questions over its practice of holding off-the-record briefings with market participants after reports that at least two such discussions had been leaked, resulting in bans for the institutions involved.
The central bank excluded Royal Bank of Canada from briefings for 12 months to February 2025 after one of its clients shared information from a meeting with Assistant Governor Chris Kent and also banned Westpac Banking Corp. in 2023 for a similar breach. Both were first reported this week by the Australian Financial Review.