Australia raises interest rates to 3.25%

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Australia raises interest rates to 3.25%

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10-06-2009, 11:17 AM

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Australia raises interest rates to 3.25%

Australia, which is one of the few developed economies not to have fallen into recession like its counterparts throughout the world, has increased interest rates from their record low of 3% to 3.25%. The move did not come as a surprise to analysts and further rises in interest rates are expected. Today’s move is the first [...]

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