USA Interest Rates (1 Viewer)

[Nupil]

Hi there,

I've been hunting online but I can't find the last time US altered their interest rates, I know that it's at 1% (November sixth) ... but when was this set? And was it an increase/decrease?

I was wondering because somewhere briefly I read that Interest had been slightly increased in US - and I have no idea where I read it. Just curious if anyone knows really. And the reason I ask is because it ties in with global influences on government policies ... so hmm.

Thanks for any that have an idea

 

[Blondie]

..................sorry, but why would we need to know the US interest rate?

 

[sugamama]

Originally posted by Blondie
..................sorry, but why would we need to know the US interest rate?

LOl Blondie

i think it was 1.25 --> 1.00%

so theres a 4% diff between us and them = lotsa money for us! hehe

 

[saves.the.day]

Dont know if it will help but isn't Europe avg'ing 2% so the interest rate differential is pretty high and this opens up for a pretty nice discussion in your ext response.

 

[Nupil]

That it definitely does; thanks saves.the.day!

And Blondie: I was only curious because what US does with their interest rates and their economy, the RBA takes into consideration.

And thanks for the ideas

 

[TastesGoodBut]

u dont need to know... its not a good choice for case study.. the only place ud mention it would be in an exchange ratse question.... as our interest rate differential is 4% higher...

 

[eeyore]

Yeah the US interest rate was previously 1%

the interest rate differential can also be beneficial to australia

 

[Blondie]

ohhhh, now i see. oh wow, i think im very unprepared. ugh once its over, its over i guess :S

 

[Exeter]

Originally posted by eeyore
Yeah the US interest rate was previously 1%

the interest rate differential can also be beneficial to australia

yes and no, higher IR will appreciate our dollar, which lowers international competitiveness and increases imports, decreasing exports, blowing up our CAD

 

[Nick]

but they will also reduce demand for imports, so the effect is lessened..

but increased capital inflow due to higher returns in Australia must be payed back OS as profts/dividends/interest etc on the net income account of the current account, worsening the deficit.

 

[Exeter]

also, minor abberatoins to inflation

(nick, its on!)
hehe

 

[kt san]

i thought aust IR is 4.75, so i'll be 3.75 above

 

[Harimau]

Originally posted by kt san
i thought aust IR is 4.75, so i'll be 3.75 above

It rose a week ago.

 

[Newbie]

shhhhhh dont tell her