Those expecting the RBA to hold off on rate hikes because of the Queensland flooding may be...


Those expecting the RBA to hold off on rate hikes because of the Queensland flooding may be disappointed. Far more influential will be the track of consumer prices and employment, both of which look strong as the commodity boom spurring Oz remains in force.

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Comments (2)
  • Stone Fox Capital
    , contributor
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    that would be illogical if the commodity prices are up due to demand. Also, part of the non sense on commodity inflation is that we're still too focused on year over year increases which focuses too much on the ups and downs of the financial crisis.

     

    If a commodity goes from 2 to 1 and back to 2, economists shouldn't just focus on the bounce back from 1 to 2. Thats absurd!
    24 Jan 2011, 03:13 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
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    I think the Australian Times article was referring to the commodity volume boom that is causing surging growth and wage inflation in Oz, not the price of commodities.
    24 Jan 2011, 03:37 PM Reply Like
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