This move was the first ice-breaking global aoyangxing tide surge

According to the Shanghai Securities News report: at the exit policies of battles, Australia's Central Bank has taken the lead in action: Tuesday announced increases in interest rates by 25 basis points. This indicates a round of intense interest surge is the end. As the financial crisis since the outbreak of the first group of twenty Member States of the increasing interest in, Australia this initiative led to the advent of global interest rising tide. Yesterday, the latest interest rate decisions made two major central banks in Europe is on track to announce, I think.

Two rows of continuous watch

United Kingdom Central Bank yesterday announced as scheduled maintenance 0.5% benchmark interest rate unchanged; the same day, the ECB also continue to wait and see attitude, not its current 1% of the benchmark interest rate level changes.

In spite of the stock market began to rise, but the economic recovery remained weak entity. Recent economic data suggests, the United Kingdom economy may already be in the third quarter from the recession, but this week it announced August decline in industrial production data from accidental, caused 2.5% recovery may require more time. The Finance Ministers of Sweden also stated that the previously Burg European economy is to recover the "interim", but he stressed that the policy "in the future" must remain very dilated.

The European Central Bank in September monthly reports that benefited from the gradual recovery of exports situation as well as the Central Bank and Government incentives, the third quarter of the euro area economy to stabilize. The EU Executive Committee will be published in early November to all EU countries economic growth forecast. The European Commission responsible for economic and Monetary Affairs Committee Almunia said that only get these projections until May when to take exit strategy for more detail.

Aoyangxing ice's road

Australia seems to always be on the "head" Suoo remain keen interest. 7 October last year, Australia's Central Bank has taken the lead in interest. But the Central Bank, the second this week announced that US interest rates by 25 basis points, to 3.25%, again opened the Group of twenty Member States. This is since March 2008 for the first time since the rise in interest rates.

Australia Bureau of statistics announced Thursday, the unemployment rate in September, Australia from August 5.8% to 5.7%, better than the market expected. Affected by this boost, the benchmark S & Thursday Australia P/ASX200 index closed up 1.6% to 4768.6 points, after the publication of the employment data were touching the 12-month high of 4780 points.

Australia's Central Bank Governor Stevens in the interest of the Declaration after the publication, "as in the implied interest rate increasingly normalization, today's decision could be opened a series of interest rate increase action. "He said, as economic growth in the coming year may be close to trend, the inflation rate near the target, Australia economic risk of severe contraction is also has been eliminated, the Central Bank's monetary policy Committee is of the view that, from now on the gradual abolition of irritant monetary policy is a wise choice.

Global Central Bank delicate Steering

The challenges in Australia's Central Bank, the World Bank has also started facing upheaval. Although in the just concluded the Pittsburgh g-20 Summit, the countries reached an agreement, however leave early, but there are some signal display, national approach to monetary policy wording may appear delicate steering.

Fed Vice Chairman Kohn 28 last month that monetary policy makers in consumer spending and business investment before it began to move. Troubled by inflation expectations are clearly more than United States a country. Norway's Central Bank also expressed similar concerns, global liquidity will stimulate India, Korea and other Asian economies asset prices. Market is expected in these economies will rise early next year, but the interest rate decision in Australia, they might want to advance the action.

Of course, there are also some countries still in a recession, Russia's Central Bank last month 29, announced that its refinancing interest rates by 50 basis points to 10%. This was Russia's Central Bank since April 7th downward since the interest rates. But before that, the Bank announced that Hungary will Hungary Bank benchmark interest rates by 50 basis points, to 7.5%.