RBA’s Hunter Warns AI Boom Could Lift Inflation and Interest Rates Before Productivity Gains Arrive

RBA Assistant Governor (Economic) Sarah Hunter warned that the rapid expansion of artificial intelligence could put upward pressure on inflation and interest rates before its promised productivity benefits materialize. Speaking at the UBS Australasia Conference in Sydney on November 9, Hunter said AI-related investment was already boosting demand for data centres, energy infrastructure and technology […] The post RBA’s Hunter Warns AI Boom Could Lift Inflation and Interest Rates Before Productivity Gains Arrive appeared first on ActionForex.