RBA’s Hunter Says AI Boom Will Put Near-Term Pressure on CPI
A senior official at Australia’s central bank said surging investment in areas related to artificial intelligence will further fuel demand in the economy, at a time when policymakers are already aggressively raising interest rates to combat inflation.
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AI-driven investment is adding upward pressure on Australian CPI, according to RBA's Hunter. The surge in AI-related spending is fueling demand at a time when policymakers are already tightening to control #Inflation. 📊 🗞️ bloomberg.com
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