RBA governor warns inflation risks are materialising
Michele Bullock said some upside inflation risks are appearing, citing the Middle East conflict and the AI boom as sources of upward price pressure.
Australia's top central banker said on Friday that some of the upside risks to inflation highlighted by policymakers now appeared to be materialising, with the Middle East conflict and the AI boom putting upward pressure on prices. Appearing before lawmakers, Michele Bullock, governor of the Reserve Bank of Australia, made the remarks as she discussed the inflation outlook.