A big whoops

Dr Cullen did a rather big whoops in the House today. He was explaining that the reason the Reserve Bank put up interest rates today was due to strong economic growth.

The only problem is that the announcement from the Reserve Bank is due tomorrow, so Dr Cullen just leaked one of the most commercially sensitive (even if widely predicted) pieces of information he has access to.

I’m sure the money markets will thank him for the insider trading tip-off 🙂