Timing off?

[Fair Use: For Education and Research Purpose Only]

link

Oops! Accidental E-Mail Announces Australian Rate Rise Early The Associated Press

CANBERRA, Australia (AP) - Financial journalists and analysts got a jump on interest rate policy Wednesday, when an inadvertently sent e-mail delivered the news six minutes ahead of the official announcement.

-snip-

-- Dee (T1Colt556@aol.com), February 01, 2000

Answers

Officialdom! Don't you just love 'em. Mind you we have no inflation. Definitely none at all. Petrol price is stable too. It's a myth that prices are going up. Just global gossippy bits. We believe in the flat earth policy and equity among citizens. Nobody fraying at the edge Down Under at all. The above questionable post is another fabrication of Dee's sardonic imagination on a slow news day.......hehe

-- Pieter (zaadz@icisp.net.au), February 01, 2000.

---ya, and all you guys down there turned in all of your nasty banned firearms, too? I mean we read that, so it must be true, right? You're all good little boys and girls, right?

; >)

-- zog (zzoggy@yahoo.com), February 01, 2000.

Pieter,

Ah ha...I see my evil twin has been posting here again...she's the sardonic one. Thanks for bringing this to my attention. =)

-- Dee (T1Colt556@aol.com), February 01, 2000.

It would be more interesting if it were a day or two ahead...and the Fed OMC, at that...

But, I suspect that there will be a guilty party established...and punished. From the pooint of view of TPTB, this is non-trivial!

-- Mad Monk (madmonk@hawaiian.net), February 02, 2000.

Regret to inform that the above post re: 6 minutes early release of hot % gossip is true. Deepest shock! However the ABC evening news said an internal investigation is being conducted. In plain OZ-speak this means officialdom is sneaking a look at itself thus guaranteed of a resolution favorable to itself and bound to NOT leak out. Phew!

Also on the news was scenes at petrol bowsers in Canberra and elsewhere of people looking horrified at the price of petrol. Tonight was the first time I've seen reporters asking and seen visual on TV. Hmmmm!

Question:
Does 6 minutes early release of interest variation matter to a sovereign nation's fiscal policy? I mean six minutes allows for little time to profit. Someone must have been well organised.

Regards from OZ

-- Pieter (zaadz@icisp.net.au), February 02, 2000.