The Australian central bank announced the interest rate of 4.5% maintained. This decision was motivated by increased caution by investors due to the debt crisis in Europe. The decision of the Reserve Bank of Australia for the first time expected by analysts. It puts an end to the series of temporary rate increases.

“Financial markets are dominated by concerns about the solvency of several European countries,” said Glenn Stevens, Governor of Central Bank. “Investors have generally become more conservative. As a result, stock prices fell. Long-term bonds have fallen outside of the countries most affected by the debt crisis care.”

Australia has the global economic crisis are better than most developed countries. The central bank has raised interest rates six times since October.

However, the Australian dollar and the stock market fell sharply in the past month. This decline is due to concerns about the impact of European countries with fiscal problems for the global economy.

“The interest is about the average level over the past ten years. This is a substantial improvement in comparison to the level of interest rates a year ago,” said Stevens. “Based on all available information is the current monetary policy is the best course for the short term.”

The Swiss franc fell today against the U. S. Dollar. The decrease in investment and government spending has caused a reduction in economic growth. The Swiss gross domestic product (GDP) in the first quarter of this year grew by 0.4%. In the last quarter of 2009 increased 0.9% in Swiss GDP. However, the economy gradually recovers from the economic downturn. The recovery is driven by exports.