Cash Rate Methodology Error Report

Last Updated: 18 October 2019

Number of errors reported (August 2016 to September 2019): 10

Table 1: Errors reported
Date of error Source of error Did error result in the intraday republication of the Cash Rate? Absolute change in the published Cash Rate (basis points)
1 August 2016 Cash Market Participant No 0
3 October 2016 Cash Market Participant No 0
15 November 2016 Cash Market Participant Yes 0
5 January 2018 Cash Market Administrator Yes 0
24 April 2018 Cash Market Participant No 0
13 June 2018 Cash Market Participant No 0
18 July 2018 Cash Market Administrator No 0
30 July 2018 Cash Market Administrator No 0
14 March 2019 Cash Market Participant No 0
29 March 2019(a) Cash Rate Administrator Yes (Table F1) 0

(a) On 29 March 2019, the Cash Rate was published in error to more than 2 decimal places in RBA Statistical Table F1. This error was quickly corrected with the republication of this table prior to 11.30am. Moreover, the Cash Rate had been correctly published to 2 decimal places on Reuters RBA30/Bloomberg RBAO7 on that same day.

Number of transactions removed from the calculation of the Cash Rate by the Cash Rate Administrator: 9

Source: RBA

This table is updated on a quarterly basis.