RBA governor says Australian economy can withstand war and dodge recession

The Reserve Bank of Australia’s chief executive addressed concerns about global conflict. He asserted that Australia’s economy has the resilience to weather the war. The governor also expressed confidence that a recession can be avoided. His remarks came as markets reacted to geopolitical tensions and domestic data. He cited strong household spending and robust labour market as buffers. The RBA will continue to monitor inflation and employment trends closely. Policy decisions will aim to sustain growth while keeping price pressures in check. Analysts will watch upcoming data releases for signs of economic momentum.