Once a Leaker, Always a Leaker

The following observation from a London-based hedge fund trader is perhaps representative of offshore perceptions of monetary policy in Australia:

The RBA hiked rates again overnight, in line with leaks yesterday but contrary to some speculation at the height of the Dubai panic.

I don’t think there were any leaks on this occasion.  Friday’s Reuters poll had all but one respondent expecting a 25 bp tightening, despite Dubai.  But it shows that the perception that the RBA is a leaker is well entrenched in financial markets.

posted on 02 December 2009 by skirchner in Economics, Financial Markets, Monetary Policy

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