RBA predicts faster growth, prices hikes By Eoin Blackwell From: AAP May 07, 2010 11:42AM
THE Reserve Bank forecasts the national economy to grow at a faster than expected pace over the next two years, with prices also expected to rise faster than previous estimates.
The bank says the reduced fiscal stimulus, a possible surge in commodity prices and a construction boom could accelerate growth and inflation at an even faster than predicted pace.
In its quarterly statement on monetary policy, released today, the central bank said gross domestic product (GDP) is expected grow by 3.75 per cent in the year to June 2011, up from the 3.5 per cent predicted in February.
more at: http://www.theaustralian.com.au/business/news/rba-predicts-faster-growth-prices-hikes/story-e6frg90f-1225863574995
