Australia Interest Rate Cut Boosts Asia Shares
Published / Last Updated on 06/10/2008
Australia Interest Rate Cut Boosts Asia Shares
The Australian Central Bank cut interest rates yesterday by a huge 1% and immediately sent Asia-Pacific stock markets into a 2% recovery.
We see this move as one likely to be duplicated across the World as gradually Governments get to grips with economies and look to bolster and encourage economic growth although we do not see any major UK rate reductions until 2009.
Useful links:
Request expert financial advice now
Purchase guidance on financial planning in the Money Shop
Useful links: