Australia hikes interest rate to 3.25%
China Daily | Updated: 2009-10-07 07:02
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Glenn Stevens, RBA governor, testifies in Parliament House in Canberra in this Feb 20 file photo. Bloomberg News |
Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent yesterday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
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