Australian central bank to raise interest rates six times the challenges of high inflation economies in Asia.

<P> The Securities Times reported that the major economies in the path of interest rates, Australia continues to lead. .Yesterday, Australia's central bank announced that it will again raise the benchmark interest rate by 25 basis points to 4.5%, which is the Australian central bank since the sixth since last October raised its benchmark interest rate. .Australia's central bank to raise interest rates did not give dollar a boost. .</ P> <P> Yesterday, the Australian dollar against the U.S. dollar all the way down, the level fell to 0.9150, falling more than 1.3%. .Some analysts said the Australian dollar fell to a certain extent, because when it will be clear that the central bank did not raise interest rates again, after the Australian dollar into the rapid withdrawal of speculative funds, turned to the Canadian dollar, New Zealand may soon add other .interest rate currencies. .</ P> <P> Australian interest rate process is not over yet </ P> <P> Australia's central bank said in a statement, the Australian economy once again faced the risk of recession has disappeared, the central bank benchmark interest rate is gradually restored to normal levels. .At the same time, the Australian inflation rate may be lower than expected decline in the coming year, the inflation rate target zone will be located in the upper half of the central bank will continue to assess the inflation outlook, and to develop the necessary policies to achieve stability in the inflation target. .Stevens said the Australian central bank governor, continued strength in Asia and the global economy, global financial markets are much better than a year ago, these are the reasons for Australia's central bank to raise interest rates. .</ P> <P> With the strong economic recovery, higher commodity prices, caused by rising house prices push inflation to become Australia's central bank to raise interest rates again, the reason. .Australian Bureau of Statistics data show that the first quarter of this year, the Australian National Home Price Index rose 20%. .Some analysts said that prices rose more than 20% may result in the real estate market bubble, and thus to affect the economic recovery, relying on the Australian central bank rate hikes to no avail. .</ P> <P> while analysts said the RBA's tough talk on inflation shows that the current round of interest rate process does not end. .Australia's central bank, or pause in the pace of next month, but is expected by the end of this year, the central bank will raise the benchmark interest rate to 5.25%, Australia's central bank has also become developed economies, tightening monetary policy, one of the most aggressive central banks. .</ P> <P> increasing inflationary pressure in Asia </ P> <P> "Warren" Buffett said recently that the global likelihood of significant inflation risks have increased. .OECD data released Tuesday show that 30 members of the organization's consumer price index in the 12 months ended in March rose 2.1% during the month, only Ireland and Japan continue to face deflation. .With inflation expectations heats up, Brazil, India and other emerging economies has shown its interest rate behavior of monetary policy tightening cycle begins. .</ P> <P> Asia as a global economic recovery, "leader", in the face of rising commodity and food prices and asset prices caused by inflation expectations, most Asian countries have been cautious about raising rates. .</ P> <P> data show that South Korean consumer price index in April rose 2.6%, while Indonesia increased by 3.91% year on year, prices rose between the two countries are far more than market expectations. .Although the market for South Korea and Indonesia to raise interest rates a loud voice, but so far the two countries is still on hold. .Some analysts said that if inflation is expected to further strengthen a number of Asian economies will have to tighten monetary policy, central banks raise interest rates in terms of even more radical. .At the right time to implement appropriate monetary policy, central banks in Asia will be the biggest challenge. .</ P>.