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davepamn davepamn
 

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 M¢25  Funded By Mahalo ? |  October 13, 2009 02:05 PM

Did the Australia Central Bank react correctly by raising rates to 3.5%?

Australia housing prices have rallied in 2009. Australia CB fearing housing price inflation raised rates. Housing prices were up 8% from 2008.

Australia and Israel have both raised rates indicating their economies are recovering.

The Australian dollar is up 23 percent in 2009.
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pellrider pellrider
 
 October 13, 2009 03:26 PM
I think it is good. When the economy gets better the interest rate will also goes up
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davepamn davepamn
 
October 13, 2009 06:09 PM
Please explain more about economy and rates

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pellrider pellrider
 
October 13, 2009 07:48 PM
Australia spend 42 billion to stimulate their economy. Now their banks are stable and demand for minerals from Australia is also high.Asian markets are doing better, which is good for Australia because Asia is the biggest consumer of their minerals.The GDP is increased. The 3.5% interest rate is still very low. It is just up by quarter of a point.
This also shows that the stimulus packages are effective in taming the recession.
Sources:http://www.ottawacitizen.com/business/sign+from+Down+Under/2095241/story.html
http://www.sfexaminer.com/economy/ap/63579212.html

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davepamn davepamn
 
October 13, 2009 08:18 PM
Economist are saying the Australia's economy has been held up by China's stimulus plan allowing big commodity purchases. Divergence from the G20 seems to be unplanned.

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pellrider pellrider
 
October 14, 2009 10:20 AM
Actually China is the biggest purchaser of the minerals. So it is true. The economic stimulus plan of China turned good for Australia. East is getting out of recession faster than the West.

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davepamn davepamn
 
October 14, 2009 02:05 PM
Does Australian Housing price appreciation signal inflation? If inflation is climbing did the CB act correct by diverging from the G20 and raise interest rates?

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