Late-2000s Recession - Policy Recommendations - Raising Interest Rates

Raising Interest Rates

The Bank of Israel was the first to raise interest rates after the global recession began. It increased rates in August 2009.

On October 6, 2009, Australia became the first G20 country to raise its main interest rate, with the Reserve Bank of Australia moving rates up from 3.00% to 3.25%.

The Norges Bank of Norway and the Reserve Bank of India raised interest rates in March 2010.

Read more about this topic:  Late-2000s Recession, Policy Recommendations

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