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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List Of Recessions In The United States - Great Depression Onward
... Note that the unemployment rate often reaches a peak associated with a recession after the recession has officially ended ... quarter of 2009) and unemployment reached 25% (the highest since was the 10.8% rate reached during the 1981–82 recession) ... primarily monetary recession occurred after the Federal Reserve began raising interest rates in 1959 ...

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