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Australia RBA rate increase creates a flurry all around the world

The RBA set rates at 3.25 percent today, up 25 basis points from 3 percent, fuelling a further rally in the dollar as confidence in the Australian economy soared. The Reserve Bank of Australia has become the first major central bank in the world to raise interest rates since the onset of the financial crisis, signalling a strong recovery in the economy.

Here is a snap shot of Google  Stock and business news below  which shows that the whole world is talking about the RATE RISE IN AUSTRALIA , we being the first country to  raise rates after the Bust. We must surely be doing pretty good for this to happen to us :)

But only time will tell i suppose

Google News Alert for: stocks,business,australia

US Stocks Climb; Market Anticipates Start Of Earnings Season
Wall Street Journal
US stocks climbed as traders awaited the start of earnings season while gold prices surged and the dollar slumped after Australia raised interest rates. ...
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Australian, NZ Dollars Climb on Rate Boost, Rally in Stocks
The Reserve Bank of Australia's action was the first increase in borrowing costs among the Group of 20 nations since the start of the financial crisis. ...
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Business Highlights
... as major stock indicators rose more than 1 percent. Investors' show of confidence ahead of flood of corporate earnings reports came as Australia became ...
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Australia Stocks, Japan Futures Gain on Rising Commodity Prices
By Masaki Kondo and Toshiro Hasegawa Oct. 7 (Bloomberg) -- Australian stocks and Japanese futures rose after prices for metals and oil advanced on ...
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Stocks, Commodities Climb as Australia Raises Interest Rates
By Daniel Hauck Oct. 6 (Bloomberg) -- Stocks rose around the world and commodities rallied asAustralia unexpectedly increased interest rates, ...
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Mexico's Stocks, Currency Rally On Global Recovery Hopes
Wall Street Journal
The interest rate hike by the Reserve Bank of Australia triggered a surge in commodity prices andstock markets Tuesday as investors saw the move as ...
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Chile Stocks End At 2-Year High On US Market Gains,Commodities
Wall Street Journal
Setting off Tuesday's session was a surprise interest-rate increase by the Reserve Bank of Australiathat in turn led to a pullback in the US dollar, ...
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Asian Stocks Gain as Commodity Prices Rise; Hitachi Advances
Japan's Nikkei 225 Stock Average increased 1.1 percent, while Australia's S&P/ASX 200 Index rose 1.5 percent. South Korea's Kospi Index climbed 1.1 percent ...
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Brazil shares rise on back of global gains
SA) led gains, followed by financial stocks like Itau Unibanco (ITUB4.SA) which also rose on optimism about the global economy. "Today the market is excited ...
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The move brings to an end the period of relief for cash-strapped homeowners, pushing mortgage repayments up.The 25 basis point rise will boost monthly repayments by $41 a month for those with a $300,000 mortgage, while those shouldering a $400,000 home loan will see repayments rise by $61.

Repayments on a mortgage of $600,000 will rise by $82 a month, and by $116 per month on a loan of $850,000.

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Australian Rate Increase – > Video


  1. The Next Credit Crisis

    By 2011 in the US, 48% of all properties with mortgage will be in a position of negative equity. There is a long way still to go, with a further $225 billion of mortgage resets to go. In Australia there is $50 billion of commercial lending coming up for maturity and the Europe has $350 billion; this credit crisis is far from over. Check out for more information.

    JPM Investment Group


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