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Commodity prices yet to peak, says RBA

Posted on 26 May 2011

Ric BattellinoThe commodity prices boom fuelling Australia’s economy is being driven by a strengthening global economy and is likely to continue for some time, a central bank official says.
Reserve Bank of Australia (RBA) deputy governor Ric Battellino on Thursday dismissed any notion of a commodity price “bubble”. “The word bubble is a very emotive term,” Mr Battellino told the 2011 Annual Stockbrokers conference……………………………………….Full Article: Source

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