ASX rises, RBA governor says AI data centres are ‘adding’ to high inflation problem — as it happened

In short, yes.

“All central banks are a little bit worried about that,” the RBA governor says.

“You know, it might not be a bubble, but it might be. 

“And if it unwinds in a disorderly manner, then that could have implications for the financial system and also for the real economies.

“As we saw, if financial stability issues arise, as we saw in the global financial crisis, then that does ultimately impact the global economy, because what the financial system does is it basically facilitates movement of funds from savers to investors, if that’s not working well, then that that impacts the real economy.

“So, yes, that is another issue. Some people think it’s a bubble, some people don’t. I don’t have a particular view one way or the other, but it’s a risk that I think we’re watching.”