1990-8.25%
1995-5.5%
2000-5.5%
2005-2.25%
Present-2.0%
Japan
From 1992 - 1996 Japan experienced rapid decreases going down at approx 1% on average at time. From 1996 - 1998 Japan had a steady rate followd by another steady rate from 2002 - 2007 at 0%.
1990-4.25%
1995-1.75%
2000-0.00%
2005-0.00%
Present-0.50%
For the future interest rates of Australia the RBA may decrease them to curve spending as the costs of living rises with petrol at a dramatic 18%. If a decrease in interest rates happens it will take approx 2 months to show an effect taking into account lag time.
------------------------------------------------------------------------------------------------------------
Australia's interest rate has decreased dramatically since it's peak of 17.00% in 1990. Today's interest rate sits at 7.25% and has remained constant since the begining of 2008, this is a 0.50% increase since last years rate and a 3% increase of it's 4.25% downfall in 2002. Future expectations show the cash rate may continue further at 7.25% but is experiencing a gradual increase and should reveal this in late 2008-early 2009 if inflation continues as it is.
Australia's interest rate sits at 7.25% and has been consistent since the beggining of this year. This is a 0.5% increase since last years rate. Also, this rate has decreased since it's highest point of 17% in mid 1990.
The case for a November rate hike is being built on rising inflation expectations in the community that may result in higher wage outcomes. Banks are tipping core or underlying inflation to peak at an annualised 4.9 per cent in the September quarter, following a rate of 4.5 per cent in the June quarter.
Although the economy is showing signs of slowing, a broad based inflation pressure has emerged in Australia in 2008.
Australia's interest rate was largest in 1990, sitting at 17%.
Over the course of 4 years the interest rate dropped to 4.75%, but then in late 1994 rose back up to 5.50%-6.50% and continue to rise for the next 2 & a half years.
Today the interest rate sits at a steady 7.25%.
The interest rates don't look like rising anytime soon, although in the future we may see a small rise, if inflation keeps going the way it is.
Australia's interest rates are quite high compared to those of Japan.
In 1990 Japan had an interest rate of 4.25%, which over the course of 5 years steadily decreased to 1.75% in 1995. Over the next 10 years, Japans interest rate continued to drop, and was at an amazing 0.00% in 2000, and remained this until 2005.
Currently, Japan has an interest rate of 0.50%.
