{"id":714757,"date":"2026-06-04T12:32:26","date_gmt":"2026-06-04T12:32:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/714757\/"},"modified":"2026-06-04T12:32:26","modified_gmt":"2026-06-04T12:32:26","slug":"michele-bullock-says-ai-boom-forced-reserve-bank-to-reverse-interest-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/714757\/","title":{"rendered":"Michele Bullock says AI boom forced Reserve Bank to reverse interest rate cuts"},"content":{"rendered":"<p>Reserve Bank of Australia governor Michele Bullock has declared artificial intelligence is supercharging the world economy and is one of the reasons the bank was forced to U-turn on increasing interest rates.<\/p>\n<p>Bullock told a Senate committee on Thursday that extraordinary <a href=\"https:\/\/www.afr.com\/policy\/economy\/data-centre-investment-rivals-mining-boom-20260601-p602oj\" rel=\"nofollow noopener\" target=\"_blank\">growth in AI investment<\/a> ignited the global economy last year, just as the RBA was expecting it to slow amid uncertainty caused by US President Donald Trump\u2019s tariffs.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Reserve Bank of Australia governor Michele Bullock has declared artificial intelligence is supercharging the world economy and is&hellip;\n","protected":false},"author":2,"featured_media":714758,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105],"class_list":["post-714757","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-au","tag-australia","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/714757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=714757"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/714757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/714758"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=714757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=714757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=714757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}