Australia’s Central Bank interest rates follow the

Australia’s Central Bank interest rates follow the other major banks. Australia’s Central Bank cut it’s benchmark interest rates with quarter percent to 3.00%. This is a 49-years low interest rates level. The reason for the change in the interest rates politic is the recession in Australia as the last problems was in 1991. The Australia Central Bank follows the other major banks worldwide and cut the interest rates cause by the global recession. The unemployment rate in Australia rises as the investors predict new interest rates cut during this year. May be the Australia Central Bank will cut the interest rates to level of 2.25% this year said Peter Mill forex expert in In September 2008 the Australia key interest rates was at 7.25% as the bank five consecutive times cut the interest rates till today ay 3.00%.

« More News