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(Adds background, quotes from Bullock throughout) SYDNEY, Sept 18 (Reuters) — Australia's top central banker said on Friday some of the upside risks to inflation flagged by policymakers appeared to be materialising, with the Middle East conflict and the AI boom putting upward pressure on prices. Appearing before lawmak
Michele Bullock said some upside inflation risks are appearing, citing the Middle East conflict and the AI boom as sources of upward price pressure.
SYDNEY, Sept 18 (Reuters) — Australia's top central banker said on Friday some of the upside risks to inflation 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 Reserve Bank of Australia, said a key qu
Labour Market Remains Slightly Tighter Than Full Employment - Reducing Inflation Is Essential - Monetary Policy Well Placed To Respond To Developments - Inflation Likely To Remain Elevated For Some Time - Monetary Policy Does Not Target Housing Prices
Inflation Risks Were Skewed To The Upside At Aug Meeting - Some Upside Inflation Risks Appear To Be Materialising As Growth Slows - Firms Are Passing On Higher Input Costs