RBA chief economist warns of more frequent supply shocks
It was certainly a factor on the Monetary Policy Board's mind if you look at the statements and minutes of that period."But I think what played out there was actually the world economy, the trade system, was much more resilient. And with tariffs, the actual tariffs ended up being a lot lower than what was initially announced."So we're doing this in real time.
- ▪It was certainly a factor on the Monetary Policy Board's mind if you look at the statements and minutes of that period."But I think what played out there was actually the world economy, the trade system, was much more resilient.
- ▪And with tariffs, the actual tariffs ended up being a lot lower than what was initially announced."So we're doing this in real time.
Opening excerpt (first ~120 words) tap to expand
Reserve Bank chief economist Sarah Hunter warns of more frequent supply shocksBy business reporter Gareth HutchensTopic:Reserve Bank Of AustraliaWed 8 Jul 2026 at 3:57pmWed 8 Jul 2026 at 3:57pmWed 8 Jul 2026 at 3:57pmSarah Hunter says supply shocks are becoming more frequent, impacting the Australian economy. (ABC News)In short:RBA chief economist Sarah Hunter says rising geopolitical tensions, trade fragmentation and extreme climate events are just some of the shocks facing the Australian economy with increasing frequency.Dr Hunter delivered a speech to a conference of economists in Canberra.What's next?The central bank's Monetary Policy Board's next interest rate meeting will be held on August…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).