RBA's Stevens on economic conditions and prospects

In the speech 'Economic conditions and prospects October 2005' given on 11 October Glenn Stevens of the RBA said record fuel prices will stoke Australia's inflation rate in the third quarter and may lead to longer-term increases in the cost of other goods.

``The direct impact of the recent high energy prices will presumably be evident'' in Australia's third-quarter inflation rate, Stevens said, in the speech to the Tasmanian Chamber of Commerce & Industry in Hobart. ``Over a somewhat longer

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