Australian central bank decided to October 7, 2009 to raise interest rates to 49-year low of 25 percentage points to 3,25%. Australia became the first country of the G-20 began to tighten monetary policy after the crisis. Currently, rates in most countries are at historical lows. Australian regulator explained his decision to stabilize the economic situation in the country. Moreover, the head of the Bank of Australia Glenn Stevens did not rule out that as the economic recovery rate can be further enhanced in the coming months. In his opinion, the grounds for such a low discount rate is no longer.

The fact that Australia was the first to raise the rate - it is quite logical, since a recession in this country was the least pronounced in the developed countries - commented on the situation Olga Lapshin, Head of Fixed Income Market Bank Saint Petersburg . - GDP annual measurement of general not decreased, but only showed a slowdown. If you look at the dynamics of quarterly GDP of Australia, after the drawdown of 0.7% in the IV quarter. 2008 he began to grow strongly - by 0,4% in I quarter. 2009 and 0,6% - in the II quarter. Along with economic recovery in the first half of 2009 on the green continent was growing, inflation - in I quarter. In 2009 its growth was 0,1%, in II quarter. 2009 - already 0,5%. Thus, the Bank of Australia was forced to tighten monetary policy to restrain inflation against the backdrop of robust economic recovery for two quarters, - concludes Dmitry Gritskevich, senior analyst at the investment department of Promsvyazbank. In turn, Olga Lapshin believes that the significant increase in inflation in Australia has not yet observed, and an increase in rates - rather a preventive measure against rising prices in the future.

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