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Commodity boom weighs on policy in Americas

Posted on 28 March 2011

Mark CarneyCanada says the current commodities boom could last decades and warned developing countries against being too timid with interest rate hikes, while the International Monetary Fund said that much of the Latin American economy is overheating.

Bank of Canada Governor Mark Carney told policymakers from North and South America on Saturday that they should not count on commodities prices coming down any time soon, a position likely to be much discussed at this weekend’s meeting of Western Hemisphere finance officials in snowy Calgary…………………………………….Full Article: Source


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