Central banks have already raised interest

Australia became the first western economy, increased interest rates after the start of the global financial crisis since the country’s central bank announced an increase of 25 percentage points to 3.25 percent, according to AFP, quoted by Focus. According to the experts from the bank the main risks posed by the crisis in late 2008 and early 2009 are now gone, allowing an increase in interest rates. The first ever Central Bank, which raised interest, was led by the famous financier Stanley Fischer Bank of Israel.

––––––––––––––––– ––––––––––

Finance