Australian central bank may rise further

7:48 am October 24, 2009| Last Modified: 7:48 am October 24, 2009

Dhaka, Bangladesh (BBN)- The Reserve Bank of Australia (RBA) Governor Glenn Stevens has hinted at further interest rate rises, claiming Australia’s economic strength is likely to drive interest rates higher.

Earlier the RBA lifted interest rates this month by 25 basis points to 3.25 percent in an unexpected move, according to reports.

BBN/SS/SI/AD-24October09-2:49 pm (BST)

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Australian central bank may rise further

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