Cash Rate Methodology Error Report

Last Updated:

Number of errors reported (August 2016 to December 2023): 30

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
26 March 2020 Cash Market Participant No 0
23 April 2021 Cash Market Participant No 0
1 October 2021 Cash Market Participant No 0
1 October 2021 Cash Market Participant No 0
10 November 2021 Cash Rate Administrator No 0
11 November 2021 Cash Rate Administrator No 0
12 November 2021 Cash Rate Administrator No 0
15 November 2021 Cash Rate Administrator No 0
16 November 2021 Cash Rate Administrator No 0
17 November 2021 Cash Rate Administrator No 0
11 January 2022 Cash Market Participant No 0
12 January 2022 Cash Market Participant No 0
22 June 2022 Cash Market Participant No 0
18 July 2022 Cash Market Participant No 0
17 January 2023 Cash Market Administrator No 0
11 July 2023 Cash Market Administrator No 0
18 July 2023 Cash Market Administrator No 0
4 August 2023(b) Cash Market Participant No 0
29 September 2023 Cash Market Participant No 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.
(b) Includes two errors on the same day.

Number of transactions removed from the calculation of the Cash Rate by the Cash Rate Administrator: 14

Source: RBA

This table is updated quarterly.