RBA Warns Geopolitical Upheaval Shows ‘Peace Dividend Is Over’

The world is shifting from a period of post-Cold War stability and integration to one where rising geopolitical risks and strategic rivalry are forcing governments and companies to build costly safeguards, a senior official at the Reserve Bank of Australia said Friday.

“The international security and economic system is undergoing seismic adjustment – on a scale and speed unseen in eight decades,” said Bradley Jones, RBA assistant governor charged with oversight of the financial system. “The strategic environment is becoming more contested and complex.”