India, Oct. 14 -- Commonwealth Bank of Australia (CBA.AX) CEO Matt Comyn said economic growth is slowing and inflation remains too high, while international shocks are expected to become more frequent and volatile.
Addressing the bank's annual general meeting on Wednesday, Comyn said it would take time for higher interest rates to bring inflation back into the target range. He stressed that improving productivity was more important than ever, highlighting the need to build more homes, deliver reliable, low-cost energy at scale and expand the adoption of technology, including artificial intelligence (AI), across the economy.
Comyn said effective AI regulation should keep pace with technological developments, build public trust, ensure glob...