RBA says stability risks mainly come from abroad
Bank’s finstab report says financial system resilient but points to AI and geopolitical concerns
The Reserve Bank of Australia has said the country’s financial system is resilient overall, but there are growing external risks to its stability.
In its semi-annual financial stability report, published today (October 2), the RBA said these risks included geopolitical developments, rising sovereign debt and a potential downturn in the artificial intelligence-led investment boom. Along with the country’s increasing vulnerability to cyber attacks, “these external factors are the most prominent
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