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RBA says to be cautious on commodities

Posted on 09 March 2011

From Smh.com.au: Reserve Bank of Australia (RBA) assistant governor Philip Lowe has warned that the economy must be flexible enough to respond to changes in commodity prices. Mr Lowe was speaking in Sydney on Wednesday about recent changes in the structure of the local economy caused by relative prices changes.
While high commodity prices looked like they would support the economy well into the future, Mr Lowe said the economy must retain its flexibility to deal with any price changes dealt by the global economy……………………………………….Full Article: Source


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