Australia Raises the Cash Rate by 25 bps to 4.25 %
April 06, 2010 at 01:13 AM EDT
The Reserve Bank of Australia Tuesday raised its cash rate target by a quarter of a percentage point to 4.25%, effective 7 April 2010. By raising its target rate the Australia’s Central Bank is signaling its growing confidence in the economic recovery. Here are some excerpts from the statement by Glenn Steven, Governor: At its meeting [...]
