RBA Official Warns of Economic Threats From Geopolitics, Climate, and Cyber Risks While Balancing Inflation and Growth
-
Reserve Bank official Brad Jones warns of mounting economic threats like geopolitical tensions, climate change, and cyberattacks.
-
These are creating challenges for central banks trying to curb inflation while ensuring consumer welfare.
-
External factors like Russia's invasion of Ukraine have strained markets and increased inflation.
-
Global financial system risks splintering into "geopolitical blocs" due to US-China competition.
-
Australia's government is balancing relations between US and China as some Morrison-era tariffs are removed.