Australia hikes rates again


The Reserve Bank of Australia raised its cash rate to 3.5% on Tuesday, declaring that global growth has resumed. The rate increase, which comes on the heels of an identical move in October, hints at worries from the central bank that inflationary pressures, fuelled by a housing bubble, could set in.

Glenn Stevens, the central bank's governor, said in a statement that economic conditions in Australia had made a stronger than expected recovery. "With the risk of serious economic contraction in Aus

To continue reading...

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 indvidual account here: