‘End in tears’: Bullock warns of risks to financial stability

Reserve Bank of Australia governor Michele Bullock has warned that if the positive sentiments in asset markets around the world were to turn suddenly it could cause financial instability and trigger faster interest rate cuts.

Speaking at the Australian Business Economists annual dinner in Sydney on Monday night, Bullock reiterated previous statements that the labour market remained “tight” despite the recent jump in the unemployment rate to 4.5 per cent in September.

Source: https://www.afr.com/policy/economy/end-in-tears-bullock-warns-of-risks-to-financial-stability-20251027-p5n5i1