Australia’s central bank said local households and firms are broadly well placed to cope with recent interest-rate increases and surging fuel prices from the escalating Middle East conflict, while highlighting the potential for an unexpected shock as a result of elevated international risk.
The Reserve Bank of Australia (RBA) building in Sydney, Australia, on Friday, July 14, 2023. Australia's treasurer announced that Michele Bullock will be the new Reserve Bank governor when incumbent Philip Lowes term expires in September, becoming the first woman to helm the nations central bank. Photographer: Brent Lewin/Bloomberg
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