Wednesday, August 2, 2006

Everyone else is doing it!

Australia raises interest rates

Australia's central bank has raised interest rates by a quarter of a percentage point to a six-year high of 6% to combat inflationary pressures. The move by the Reserve Bank of Australia was widely expected, and comes after inflation hit 4% - topping the bank's 2-3% target.

Posted by tyrellcorporation @ 11:04 PM (488 views)
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