by | Nov 2, 2010 | Towing
Australia raised interest rates in a bid to control inflation amid an export boom.
The country’s Reserve Bank raised rates to 4.75 % from 4.5%, surprising most analysts, The Associated Press reported.
Booming demand for Australian minerals from Asian countries including China and South Korea has stoked Australian inflation.
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“The risk of inflation rising again over the medium term…
Continue reading Australia Raises Interest Rates to Control Inflation
Australia Raises Interest Rates to Control Inflation originally appeared on DailyFinance on Tue, 02 Nov 2010 06:36:00.
Filed Under: Economy, People, Credit, Currency
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