Fireside chat with Governor Michele Bullock at the CEDA Lunch - 22 September 2026

Reserve Bank Governor Michelle Bullock addresses the complexities of the current Australian economic landscape, characterized by persistent supply-side shocks from geopolitical instability and climate change. Monetary policy remains focused on anchoring inflation expectations to prevent second-round effects, as traditional demand management struggles against these structural disruptions. While artificial intelligence offers potential for long-term productivity gains, current evidence suggests limited impact on the supply side, necessitating broader structural reforms in competition and labor mobility. The housing market, while softening due to interest rate adjustments, remains a secondary concern to the primary mandate of price stability. Ultimately, sustaining future living standards depends on reversing the long-term decline in productivity growth, a challenge compounded by aging demographics and the need for fiscal resilience in an era of rising global bond yields.