Tuesday, January 11, 2011
Pause Australia cut interest rates four times this year, Russia.
<P> Reserve Bank of Australia 1, announced that it will maintain the benchmark interest rate unchanged at 4.5% level, which is February to the first central bank to stop raising interest rates. .Analysts believe that this indicates that signs of a slowdown in economic growth has been gradually revealed, Australia central bank may adjust the interest rate in the coming months to keep the issue of wait and see. .</ P> <P> the relatively sound financial regulatory agencies, coupled with a lower degree of economic dependence on Europe, Australia, and therefore less hit by the international financial crisis. .Since last October, Australian central bank has raised interest rates six times, the cumulative interest rate increase of 150 basis points, which made the country far ahead in terms of policy to stimulate recovery. .However, the uncertainty of the external economy, Reserve Bank of Australia has been so rapid "withdrawal" was temporarily forced the pace of the paragraph. .</ P> <P> 1 Australian stock market fell 0.4%, the Australian dollar fell against the U.S. dollar. .The beginning of the day offer, the Australian Government announced that retail sales rose 0.6% qoq, better than expected, driving the Australian dollar rallied to a high of $ 0.8429. .</ P> <P> but then another data show that Australia's seasonally adjusted 4 chain of building permits plunged 14.8%, far worse than expected. .Australian dollar pared gains against the dollar quickly, as Beijing at 17:53 on the 1st, the exchange rate reported $ 0.8289, fell 1.87%. .</ P> <P> external economic uncertainty has spread to Russia. .Russia's central bank on May 31 announced that from June 1 onwards Jiangzai overnight financing rate and bank lending interest rates of 25 basis points. .The adjusted annual interest rate of 7.75% to refinance. .</ P> <P> This is the fourth time this year the Russian central bank lowered the refinancing rate was last cut on April 30 this year, is 25 basis points rate cut. .Including the rate cut, including the Russian central bank since April 2009 has cut interest rates 14 consecutive times, the cumulative rate cut has reached 5.25 percentage points. .</ P> <P> In addition, the Bank of Canada 1 announced a 25 basis point rate hike to 0.50% of the country in July 2007 for the first time since the rate hike has become a global credit crisis, the first since the G7 countries in the currency received .bear country. .</ P>.
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