Reserve Bank of Australia deputy governor Andrew Hauser has dismissed concerns about the central bank holding private discussions with market participants hosted by commercial banks, arguing the RBA must build strong external relationships to understand what is happening in the economy.
The Australian Financial Review revealed last week that at least three banks have been reprimanded by the RBA for discussions at private meetings with their clients leaking to outsiders over the past two years.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
