Wars risk keeping interest rates higher for longer, says new RBA governor | The Business | ABC News

The new Reserve Bank governor Michele Bullock worries continuing global supply shocks may entrench inflation expectations and bigger price rises, forcing interest rates higher for longer. In her first public appearance since taking on the top job, she warned about the possibility of further hikes. She also blamed rising house prices, low unemployment and increasing services costs for making inflation "sticky". Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2023-10-18/rba-governor-bullock-interest-rates-fireside-chat/102990064 ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia