Interest Rates rise around the world
6th May 2022
This week has been dominated by Interest Rates… On Tuesday we saw the Reserve Bank of Australia (RBA) raising Interest Rates in Australia to 0.35%.
Country Profile
A continent in its own right, Australia is home to over 25 million people who speak English as a primary language.
Australia attracts high levels of investment from China, the USA and Europe. Its long ties with the UK make it a popular destination for UK business expansion abroad.
Total Value:
£2.5 billion / 0.5% of all UK Imports
Top 5 Imports are:
Total Value:
£4.4 billion / 1.4% of all UK Exports
Top 5 Exports are:
Australian British Chamber of Commerce
https://www.britishchamber.com/
abcc@britishchamber.com
Suite 2, Level 15, 3 Spring Street, Sydney, NSW 2000
Phone: 02 9247 6271
With a Finseta account you can transact in over 25 key currencies including AUD & GBP
Companies registered in Australia plus 70 other jurisdictions can open an account
This week has been dominated by Interest Rates… On Tuesday we saw the Reserve Bank of Australia (RBA) raising Interest Rates in Australia to 0.35%.
When you hear the term ‘Currency Union’ you probably think: Euro. Most people would. It’s by far the most high profile and successful monetary union.
