Climate Change Could Impact Future Interest Rate Decisions: Incoming RBA Boss

RBA governor Michele Bullock is seen during a meeting with Australian Prime Minister Anthony Albanese and Australian Treasurer Jim Chalmers at Parliament House in Canberra, Australia, on July 14, 2023. AAP Image/Lukas Coch

Climate change and Australia’s energy transition could become a new factor that will impact future decisions when setting the official interest rate, Reserve Bank of Australia Deputy Governor Michele Bullock said.

Ms. Bullock, who will step into the role of governor on Sept. 18, said the uncertainty around climate change and its future impact on the economy was “particularly acute.”