Financial Times FT.com

Australia raises rates from 49-year low

By Peter Smith in Sydney and Robert Cookson in Hong Kong

Published: October 6 2009 05:53 | Last updated: October 6 2009 10:11

The Reserve Bank of Australia signalled its confidence in the country’s economic recovery on Tuesday when it became the first G20 central bank to raise interest rates since the global downturn.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this