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The Guardian - AU
The Guardian - AU
Technology
Luca Ittimani

AI could be a bubble and is not yet making Australia more productive, Michele Bullock says

Michele Bullock Australia RBA United States Inflation Tony Burke CEDA Economic Growth
RBA governor Michele Bullock speaks at the CEDA event on Tuesday.
RBA governor Michele Bullock speaks at the CEDA event on Tuesday. Photograph: Dan Himbrechts/AAP

The Reserve Bank governor said AI could be a bubble and there was no evidence it is making the economy more efficient, as the Albanese government claims the technology will solve Australia’s economic malaise.

Ahead of an expected interest rate rise next week Michele Bullock also said the slump in house prices was deeper than others in Australia’s recent history.

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