Embargoed lock-ups scrapped after RBNZ confirms leak

RBNZ: lock-down on lock-ups

Reporters and analysts will no longer have advance access to the Reserve Bank of New Zealand's rate decisions or major publications, after the central bank confirmed its surprise cut on March 10 was leaked by a journalist.

Roughly an hour before the rate decision was due to be announced, a blogger and former senior official at the central bank, Michael Reddell, received a note from a contact telling him there would be a cut.

Reddell notified the RBNZ, which then hired Deloitte to investigate the

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