RBNZ bans MediaWorks from press conferences

Author: Eamonn Sheridan | Category: Central Banks

The Reserve Bank of New Zealand has banned a media organisation from its press conferences (Bloomberg with the headline)

The exclusion is in response to MediaWorks breaching the interest rate decision lock up rule (you may recall that the March 10 (2016) rate cut was leaked)

The Reserve Bank of New Zealand  have alreaqdy discontinued the 'lock-up' for all media. Ehich is very harsh on the other outlets.
MediaWorks New Zealand is a New Zealand-based TV, radio & interactive media company owned by Oaktree Capital Management
They did try to make amends, apologising and adding:
  • "Once MediaWorks was aware a leak had taken place, it conducted its own investigation to determine whether the leak had come from within MediaWorks and self-reported that to the Reserve Bank" Link for more

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