Discussing :: All Eyes on Australia

Australia has become the first country to try turning the liquidity taps off. After bringing the official interest rate down to the lowest in 49 years, the Reserve Bank of Australia hiked it last week by a quarter of a percent to 3.25% and has hinted strongly that further rises are likely (some say the next rise could be as early as Melbourne Cup day next month). This could see rates at 4% and even 5% within the year. While this sounds like a lot, it is worth remembering that the rate was 7.25% just a year ago and the subsequent slashing reflected the dire state of the world economy and credit markets. Australia is moving first because its economy is the... read full article


All Eyes on Australia

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All Eyes on Australia

Australia is doing so well because they have so much of the worlds natural resources which are the cornerstones of manufacturing and construction.

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