| Australian Interest Rate Rise "Obvious"-Treasurer |
| News - Australia |
| Written by Reuters |
| Tuesday, 04 August 2009 07:21 |
|
SYDNEY, Aug 2 (Reuters) - Australian Treasurer Wayne Swan said on Sunday it was "obvious" that interest rates would rise from current historic lows, but he refused to speculate on the likely timing.
The central Reserve Bank of Australia's official cash rate stands at 3.0 percent. Most analysts are predicting rises in 2010, which is likely to be an election year. |