Reserve Bank of Australia Governor Michele Bullock discussed how community perspectives inform central banking and how technological change is reshaping work in a graduation address at the University of New England in Armidale. Drawing on her career, she linked the bank’s work to its parliamentary mandate to promote Australians’ prosperity and welfare. Bullock highlighted the different career backgrounds represented on the Monetary Policy Board as a source of better questions and debate. The bank’s business and community liaison program also provides insights into experiences across industries and regions that aggregate economic data may not capture. She emphasized the value of understanding these differences while assessing the economy as a whole. On artificial intelligence and automation, Bullock stressed the uncertainty surrounding their effects on jobs and future demand for skills. Recalling how earlier technological changes had eliminated the bank’s typing pool while creating demand for new expertise, she encouraged graduates to remain adaptable. Judgment, integrity and the ability to collaborate remain valuable qualities that technology can support but not replace.
Reserve Bank of Australia Governor discusses community perspectives in monetary policy and adaptation to technological change
In a University of New England graduation address, Reserve Bank of Australia Governor Michele Bullock discussed how diverse board experience and engagement with businesses and communities inform economic assessments. She also highlighted uncertainty over how artificial intelligence will reshape work, emphasizing adaptability and human judgment rather than predicting which skills will be most in demand.