for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

RBNZ says reviewing processes after information released ahead of time

WELLINGTON, Nov 18 (Reuters) - The Reserve Bank of New Zealand (RBNZ) said on Wednesday that market sensitive information was accidentally disclosed to a group of financial services firms a short time before it was made public in the November Monetary Policy Statement (MPS).

RBNZ said a letter was sent to non-bank financial institutions confirming it was introducing a Funding for Lending Programme (FLP), about 45 minutes before it was publicly announced on Nov. 11 at 2 p.m. local time (0100 GMT).

The central bank said it has engaged Deloitte to independently review internal processes. (Reporting by Praveen Menon; Editing by Jacqueline Wong)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up