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Commodity boom could last decades, Carney warns

Posted on 28 March 2011

Canada’s top central banker said on Saturday the commodity price boom could last for decades and urged his emerging market peers facing inflationary pressures not to delay raising interest rates for too long.

The rise in prices for commodities is partly due to supply effects, though underlying demand remains strong, Bank of Canada governor Mark Carney said during a panel discussion at the Inter-American Development Bank’s annual meeting in Calgary…………………………………….Full Article: Source


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