Tag Archives : government

The Reserve Bank of Australia has cut their benchmark interest rates down to an astonishing 5.25%. This is their third cut since September when the rates stood at 7.25%, and economists worldwide have been surprised by the significant cut.

The recent sharp rise in Japan‘s currency has worried the group of seven major industrial countries in the world. Last Friday, the Yen rose to a thirteen year high against the dollar which has raised a lot of concern around the world.