RBA warns AI poses financial stability risks despite slow job impact
RBA Assistant Governor Sarah Hunter says AI shows limited job impact but poses growing financial risks.
A senior Reserve Bank official said Monday that AI has not yet meaningfully lifted productivity or caused widespread job losses. Reserve Bank of Australia Assistant Governor Sarah Hunter, speaking at a UBS conference in Sydney, warned the technology could pose growing risks to financial stability as it spreads.
Hunter also said AI's effect on inflation would likely shift over time. Initially, it could boost demand and add to price pressures.
Her comments reflect the RBA's cautious view: AI is not yet the economy-changing force some expect, but it warrants careful watching.
- Sarah Hunter, Assistant Governor
- RBA official
- UBS conference in Sydney
- Location
Why it mattersRBA views shape interest rate decisions, which affect mortgages, savings and everyday costs for Australians.
AustraliaThe RBA's assessment of AI risk influences Australian monetary policy and borrowing costs for households and businesses.
✓ Claims checked against the source and corrected before publish. checked 15 h ago
