Climate change costs will have knock-on effect on interest rates, Reserve Bank warns

The Reserve Bank has warned it will have to take the impact of climate change into account when setting interest rates.

Reserve Bank Deputy Governor Guy Debelle delivering
his speech to the Centre for Policy Development.

"The economy is changing all the time in response to a large number of forces," Guy Debelle said in a keynote address to the Centre for Policy Development.

"Monetary policy is always having to analyse and assess these forces and their impact on the economy.

Read the ABC News story by Laura Tingle - “Climate change costs will have knock-on effect on interest rates, Reserve Bank warns.”