The Reserve Bank of Australia (RBA) has again raised Australia’s interest rates to 4% which is the fourth time since October 2009, as the country continues to show strong signs of economic recovery.

Gross domestic product (GDP) has grown to 3.25% from 2% in 2009, whilst the country’s unemployment rate is at an 11-month low of 5.3%. Australias unemployment rate did not go above 6% during the global recession.

In addition, house prices increased by +11.8% in the 12 months to January 2010, according to RP Data-Rismark.

Analysts predict that the RBA will increase rates again by at least another 0.5% before the end of 2010, and will most likely time the increases well as it continues to monitor the economy in both Australia and around the globe.