RBA Investigates Its A $2 Million Email Error
When the Reserve Bank of Australia sent a rate-change email too early on 2 February it might have caused gains/losses in the markets of around A$2 million, according to a post-mortem published by the bank.
The damage to the reputation of the reserve bank as a safe pair of hands is more difficult to estimate.
The email was sent at 9.24am to 62 people outside the bank -- including journalists, financial institutions and traders. It gave anyone who opened it six minutes notice that the bank intended
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