dinsdag 6 oktober 2009

Reserve Bank of Australia raised interest rate


The Reserve Bank of Australia increased the most important interest rate with 0.25 percentage points to 3.25 percent. As a result of this growth, Australia is the first country of the G20 which introduced this expansion. This known fact was a surprise for analysts. In consequence of the economic improvement, the central bank (CB) of Austrialia wants to slacken the facilitation of the Monetary Policy.


Van Hamme Arnaud

Source: Click here.

1 opmerking:

EcoEnglish zei

Limited flow due to unclear sentences and the high number of errors

S1: increase by
S3: meaning unclear
S4: as a consequence of
S4: meaning of 'slacken the facilitation of the Monetary policy' is unclear without background information