26.11.2010 - Commodity prices to fall - RBA
From Brisbanetimes.com.au: Prices of Australia's key commodities, particularly steel, will decline over the next few years, Reserve Bank of Australia (RBA) governor Glenn Stevens has told a parliamentary committee. Stevens said the strength of global growth thus far, and the pattern of growth in key emerging economies, had had a major effect on Australia's terms of trade. "These have returned to, and in fact exceeded, the six-decade highs seen two years ago," Mr Stevens told the House of Representatives Standing Committee on Economics on Friday..............................................Full Article: Source
Print