I realise that Australia was the only "western" economy that didn't go into recession, but this still seems a little premature?
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| Daily Telegraph wrote: Australia unexpectedly raises interest rates Australia's central bank unexpectedly raised interest rates by a quarter point on Tuesday, the first major economy to increase the cost of borrowing amid signs its recovery from the global slump is gaining momentum. | |
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http://www.telegraph.co.uk/finance/econ ... rates.html