World Finance News

Feb 28 2008  | Views 89 |  Comments  (1)
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04-March-08

Upsurge in Australian Benchmark Interest Rate: Impact on Economy


The central bank of Australia has modified the standard rate of interest. It is the second time that this has happened in the space of a month. The costs of borrowing have touched their pinnacle in the last 12 years. As an inevitable result of this the common consumers as well as the various business entities have had to reduce their expenditures to a significant extent. 

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Date : 28-02-08

1 - Fed Ready to Cut Interest Rates Again
2 - Bernanke says Fed prepared to help U.S. economy

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