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.
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.