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View Full Version : Australia Shrinks Spending to Combat Mining-Fueled Inflation - Bloomberg



NewsWhore
05-10-2011, 06:20 AM
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Australia Shrinks Spending to Combat Mining-Fueled Inflation (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFlFT_5EqFZk98LFdpcCsijfaceJQ&url=http://www.bloomberg.com/news/2011-05-10/australia-shrinks-spending-to-combat-mining-fueled-inflation.html)
Bloomberg
The currency soared 19 percent in the past year as surging iron ore and coal shipments to China and India spur investors to bet the Reserve Bank of Australia will raise interest rates to contain inflation. Unemployment has fallen to a two-year low and ...

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