RBA flags risks posed by ‘acute’ geopolitical shocks
Australian central bank outlines short-term threats such as conflicts, sanctions and blockades
Australia’s central bank has mapped out geopolitical risks that it says could cause sudden, sharp shocks to the country’s financial sector, as concerns about instability grow worldwide.
The Reserve Bank of Australia today (June 9) published a “conceptual framework” report focusing on how acute shocks could affect financial systems, and the channels through which such shocks could be transmitted. The report recommends that the Australian authorities join others worldwide in working with the
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