Reserve Bank governor Michele Bullock says she is worried the escalating war between Hamas and Israel could keep inflation and oil prices higher for longer, while also triggering a slowdown in global growth.
“We’ve just got shock, after shock, after shock,” Ms Bullock said in her first public remarks as RBA governor on Wednesday.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
