Australia's economy ... a trend?


	Australia's economy ... a trend?

HansWobbe

10-7-2009 11:15 AM

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Australia is the first large, rich country to raise interest rates in more than a year

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/cc79f556-477a-420e-b581-2e03a85a574c/D0349834-F737-45B4-954F-4C687CA72E9F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.economist.com/world/asia/displaystory.cfm?story_id=14582762&fsrc=rss" href="http://www.economist.com/world/asia/displaystory.cfm?story_id=14582762&fsrc=rss" style="font-size: 11px;">www.economist.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economist.com/world/asia/displaystory.cfm?story_id=14582762&fsrc=rss"><H1>Coming back down under</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economist.com/world/asia/displaystory.cfm?story_id=14582762&fsrc=rss"><P class="fly-title">Australia's economy</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economist.com/world/asia/displaystory.cfm?story_id=14582762&fsrc=rss"><H2>Australia is the first large, rich country to raise interest rates in more than a year</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.economist.com/world/asia/displaystory.cfm?story_id=14582762&fsrc=rss"><P>AUSTRALIA’S central bank is the first in a big, rich economy to raise interest rates since July last year. On Tuesday October 6th the overnight “cash rate” was raised by a quarter of a percentage point, to 3.25%. Glenn Stevens, the bank's governor, explained that economic conditions in Australia have been stronger than expected and measures of confidence have recovered and that “forecasts are being revised higher…and growth in 2010 is likely to be close to trend.”</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D0349834-F737-45B4-954F-4C687CA72E9F/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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