MEDIA RELEASE No: 2002-13 Date: 3 July 2002 Embargo: For Immediate Release

EARLY RELEASE OF CASH RATE INFORMATION BY BLOOMBERG

It has come to the RBA's attention that Bloomberg Financial Markets and News published a headline on the financial wire services today that "Reserve Bank of Australia leaves benchmark rate unchanged" before the RBA had announced its market dealing intentions.

Bloomberg has informed the Bank that the early release of its headline was a computer error on its part. The RBA posted the "Money Market Cash Position" simultaneously to all the wire service pages at 9.30 am, as is the usual procedure. This Release showed no change to the cash rate target at 4.75 per cent.

Enquiries:
Manager, Media Office
Information Department
Reserve Bank of Australia
SYDNEY

Phone: +61 2 9551 9720
Fax:     +61 2 9221 5528
E-mail:  rbainfo@rba.gov.au