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Commodity Price Index At Lowest Since 2010

Posted on 06 May 2014

‘The Reserve Bank can comfortably keep interest rates at exceptionally low levels over the near term. Whichever way you cut it, inflation is well and truly in check.’ -Savanth Sebastian, an economist at a unit of Commonwealth Bank of Australia
Australia is often called as a resource-rich economy, as huge part of the overall exports represents shipments of commodities, like ore, coal, petroleum, gas or non-monetary gold. The economy has benefited in the recent months from a commodity boom and strong investment into the mining sector. The most rapid pace of growth of commodity exports was registered between 1983 and 1992, when the exports climbed 7.0%………………………………………..Full Article: Source


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