The resources boom

Glenn Stevens | Reserve Bank of Australia | 23 February 2011

The rise in prices for natural resources and the associated planned increase in Australian based capacity to supply key commodities is one of the largest such economic events in our history. The Reserve Bank has had a good deal to say about it. I will touch again today on the main points we have made.

I will not say much that is new. Nor will I be seeking to convey any messages about monetary policy. Those matters were covered in some depth with the House Economics Committee less than two weeks ago....