dinsdag 6 oktober 2009

Reserve Bank of Australia raises rates


Today, the Reserve Bank of Australia has raised its interest rate from 3 per cent to 3,25 per cent. This makes Australia the first nation of the G20 to raise interest rates after the global interest decreases due to the financial crisis. The Australian dollar soared on this news and had climbed, compared with the American dollar, to the highest level since August 2008. The Central Bank of Australia wants to recover the monetary policy gradually, now that the worst of the economic crisis is over.

Teng Hou Loi

Source: De Tijd

1 opmerking:

EcoEnglish zei

3.25 (decimal point)
had climbed --> climbed
recover?
no comma before 'now'
Overall: very clear, well-done
(GJ)