RBA's Bullock says AI boom is adding to excess demand in Australia, sees 4.5-5.0% unemployment easing inflation

Reserve Bank of Australia Governor Michele Bullock said the AI-driven boom is adding to excess demand in the Australian economy, and that unemployment rising to 4.5%-5.0% could ease inflation pressure. She said the current decline in house prices is consistent with past episodes and gave no policy guidance, leaving the decision to the board.

Detected & updated continuously · Source: Nebula