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Australian central bank likely to lift rates: economists [Xinhua News Agency](27 Nov 2009 01:24:00 EST)The Reserve Bank of Australia is likely to make history next Tuesday by lifting interest rates for a third straight month, economists predicted on Friday.
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Australian cash rate expected to rise to 4.5 pct over next 12 months [Xinhua News Agency](11 Nov 2009 03:25:00 EST)Australia's cash rate is likely to rise 1 percent to 4.5 percent over the next 12 months, Commonwealth Bank of Australia chief executive Ralph Norris said on Wednesday. Norris told reporters after the bank's annual general meeting in Perth that he was reluctant to predict rate rises but expected rates would hit 4.5 percent by November 2010.
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Rate hike tough for Australians: Treasurer [Xinhua News Agency](03 Nov 2009 02:05:00 EST)Federal Treasurer Wayne Swan said the central bank interest rate rise on Tuesday would be tough on Australian families and businesses. The Reserve Bank of Australia increased the cash rate to 3.50 percent - the second rate hike in many months.
