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Thumbnail image for Australian Interest Rates Raised 25 Points to 4.5% – May 2010

Australian Interest Rates Raised 25 Points to 4.5% – May 2010

With inflation at the higher end of the Reserve Bank of Australia’s desired levels (currently at 2.9%), a surge in house prices in March, worldwide GDP growth revised upwards, and Australia’s terms of trade rising more than expected, the RBA in their monthly meeting on the first Thursday of the month have once again increased interest rates by 25 basis points. This means that the basic cash rate now stands at 4.5%.

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The UK in Recession

It’s difficult to watch the television, read newspapers or generally go outside of your home right now without being bombarded with negative news on the economy. The US economy is all but in recession, New Zealand is already in recession, Japan is in recession and as of today so is the United Kingdom. The Governor […]

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