Australian interest rates 'to soar'

AUSTRALIA - Interest rates may have to rise by two percentage points in Australia to cut the risk of overheating, the country's central bank chief has warned.

The warning affirms the position of the Australian economy as one of the world's strongest, with growth hitting 3.6% for 2001-02, a year during which many other leading industrialised nations entered recession.

Ian Macfarlane, governor of the Reserve Bank of Australia, told a parliamentary committee that there was a "high risk" of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account