Fed: Ash cloud to be on RBA agenda: Stevens

AAP General News (Australia)
04-23-2010
Fed: Ash cloud to be on RBA agenda: Stevens

TOOWOOMBA, April 23 AAP - The ash cloud which has crippled airlines operating out of
Europe will be part of the Reserve Bank board's deliberations next month, RBA Governor
Glenn Stevens says.

Flights are slowly returning to normal a week after Iceland's volcanic eruption forced
airport shutdowns across Europe.

Addressing a business forum in the southern Queensland city of Toowoomba on Friday,
Mr Stevens said the ash would not only impact on travel but also just-in-time inventory
management for some firms.

He said that to this point it had not affected prices for grain, but big volcanic events
could affect crop yields.

"It's too soon to know," Mr Stevens said.

AAP stg/pjo/jlw

KEYWORD: VOLCANO STEVENS

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