Interest rate, interest rate cuts, or do anything? Interest rates highlights the national economic hot and cold.

<P> Recently, the world's countries have announced a new central bank interest rate policy, monetary policy in different countries of differentiation. .Experts believe that a rate hike or cut, or maintain interest rates unchanged, depending on central banks to assess the situation on the domestic economy. .Differences in interest rate policy is not synchronized global economic recovery, the natural reflection. .</ P> <P> strong recovery - </ P> <P> heating up inflation expectations in some economies prompted first to enter the interest rate cycle </ P> <P> international recovery of some economies, strong, inflation is expected to heat up to promote .They took the lead into the interest rate cycle. .Recently there have been rate increases in Australia, India and Brazil. .</ P> <P> Reserve Bank of Australia (the RBA) 4 announced its benchmark interest rates by 25 basis points to 4.5%. .This is the RBA since October last year, the sixth consecutive rate hike is mainly based on asset prices and inflationary pressures. .Reserve Bank of Australia governor Glenn Stevens said the Australian economy over the danger of serious decline. .After this adjustment, the Australian benchmark interest rate over the past 10 years or more, the average interest rate was essentially flat. .Stevens said that the current inflation rate of 3% in Australia, has been reduced from a peak of 2008 down, but still in the RBA within the scope of suppression, which can not be taken lightly. ."Sydney Morning Herald" reported that housing prices out of control is to prevent the RBA to raise interest rates again, the primary objective, in the past one year, average house prices across Australia rose 20%. .</ P> <P> Recently, India's tightening efforts to gradually increase. .India's central bank on April 20 decided to repo rate and reverse repurchase rate by 25 basis points, respectively, to 5.25% and 3.75%. .The bank also announced it will raise the deposit reserve ratio by 25 basis points to 6%. .India's central bank said the rate hike because of the level of inflation concerns. .Data show a strong recovery in the economy, India is facing increasingly serious problem of inflation. .Monsoon rainy season last year, the lowest rainfall for 37 years, leading to food production in India, food prices rose sharply, also led to rapid increases in the consumer price index. .There is also growing evidence that India's inflation is driven to a demand that not only does not encourage excessive demand caused by production increases but prices, resulting in inflation. .</ P> <P> as a representative of emerging economies, Brazil has recently joined the camp, hike, April 28 the Central Bank of Brazil announced a one-time interest rate 0.75 percentage points, raised its benchmark interest rate 9.5%, the large increase in interest rates .than analysts expected. .This is 19 months for the first time the Brazilian central bank raised interest rates also make Brazil an international financial crisis, interest rates since the first Latin American country. .Brazil's central bank stressed that the purpose is to raise interest rates to prevent inflation and protect the healthy and stable economic operation. .</ P> <P> lagging behind - </ P> <P> United States and other developed countries to select the low interest rates, maintain economic stimulus </ P> <P> lagging behind economic recovery, the United States, Japan and the European Union .developed countries choose to maintain low interest rates, continued implementation of economic stimulus. .</ P> <P> Federal Open Market Committee concluded in April 28 policy meeting, decided to continue since the December 2008 close to zero since the ultra-low interest rates. .The Fed believes that the U.S. economy continued to improve, the job market is stabilizing, but the economic recession continues, unemployment remains high, will continue to suppress consumer spending. .Meanwhile, the Federal Reserve that the United States and the expected level of inflation has not fundamentally changed, so in a longer period of time, the U.S. economy still needs the support of ultra-low interest rates. .</ P> <P> the U.S. economy over the last three quarters of expansion has been the trend. .U.S. Department of Commerce recently released the latest data show that the first quarter of this year, inflation-adjusted 3.2% annual growth rate of the U.S. economy. .It is encouraging that, accounting for 70% of the total U.S. economy, consumer spending, the downturn in more than a month after the annual growth rate of 3.6% in the first quarter, becoming the main contributor to economic growth. .Economists hope that the consumption trend continues, so that more sustainable recovery, but that because of the economic expansion has not brought improvement in the job market and personal income increases, consumer spending remains cautious state. .</ P> <P> the strength of the U.S. economic recovery than expected, some analysts believe the Fed does not rule out the possibility of raising interest rates this year. .However, the biggest factor restricting this possibility is still the job market. .Since the economic downturn, the United States has added 800 million unemployed, a total population of 15 million unemployed. .Economists believe that the U.S. economy needs to maintain 5% for several consecutive years of economic growth, to digest such a large unemployed population. .</ P> <P> stimulate growth - </ P> <P> absolute level of interest rates are still high in some countries continue to cut interest rates </ P> <P> experienced many times previously cut interest rates after the interest rate in some countries .absolute levels are still high, before they continue to cut rates to stimulate economic growth. .</ P> <P> 4 Romanian central bank left its benchmark interest rate from the current 6.5% to 6.25%. .This is the fourth time this year the central bank cut benchmark interest rate. .</ P> <P> Russian central bank decided on April 30 from the benchmark rate from 8.25% to 8%. .This is the third time this year the Russian central bank cut interest rates. .Russia's central bank cut interest rates 10 times last year, the benchmark interest rate from 13% to 8.25%. .Russia's central bank cut interest rates again in the interpretation of the decision that the banking system, this initiative aims to stimulate the enthusiasm of loans, reducing the difficulty of access to credit the real economy. .</ P> <P> Russian domestic inflation situation has improved, which to some extent, enhance the confidence of the Russian central bank cut interest rates. .But the second half of Russia's central bank did not rule out the possibility of Russia's inflation, will be to decide how to adjust interest rates as appropriate. .Some experts believe that although Russia's real economy began to recover, but in general the process of Russia's economic recovery is still not stable, strong growth recovery will take time, still need to expand domestic demand. .Russia's current lending rates for SMEs is still very high. .To stimulate economic growth, Russia's central bank may cut interest rates again. .</ P> <P> Reviews </ P> <P> landscape studies (under the Research Council Fellow): national differences in the current interest rate policy by the global financial crisis, economic and financial base before the crisis in the process of emergency .coping strategies and the current imbalances in global economic recovery, the decision is not synchronized. .National strategy to address the financial crisis, the key variable - the loose monetary policy stimulus withdrawal and the withdrawal of the extent and timing of central banks need to decide on according to their own economic situation. .</ P> <P> from the formal point of view, some countries have made the central bank interest rate policy choices in succession no more than three - to raise interest rates, lower interest rates and do anything, but the policy essence, no more than two kinds: either close .tight monetary policy to curb soaring prices and the economy is expected to vigorous momentum, or continue to maintain a loose monetary policy to a solid recovery and increase employment. .Although the United States and the European Union and other developed countries to maintain low interest rates unchanged, which is the policy of interest rate cuts to take effect is the same. .</ P> <P> differences in national policy orientation, the objective to increase the international monetary policy coordination and economies, the difficulty of their own choice. .However, it should see that coordination does not mean to cover up the difference, nor does it mean to look at trends in U.S. monetary policy to act. .The best policy coordination is the reality from their own countries to choose the most conducive to maintaining steady growth in its interest rate policy, on this basis, consider and maintain the relative balance between national policy, create a favorable policy of steady growth in the global atmosphere. .</ P> <P> present, the slight improvement in the global economy, but the recovery of the foundation is still solid, sovereign debt risk highlights, complex global economic outlook. .Central banks should be closely observed, analyzing the economic situation, a flexible and prudent implementation of macroeconomic regulation and control policy should also improve the forward-looking, lay ahead of the amount of macro-control to do the "beach-goers", rather than the market expected, "followers." .</ P>.