The day the Reserve Bank got grilled
7am
00:00
Why Did the Bond Market Jump So Markably During That Lunch?
Karen Philip Lowe was questioned about a private talk he gave to some Australian bankers in the days before the Senate Committee hearing. The bond markets moved during the period that he was at the lunch. He was emphasizing to people that even though it looked bad for them, that it was important for the system. We're responding to that and we'll no longer do those type of lunches before the release of the statement on monetary policy. But can I ask you, what did you share with a bunch of bankers at the Baron Joey banquet that you can't share with mortgage holders and renters? And why did the bond market jump so markedly actually during that lunch that you had? What did you say
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