RBA governor Michele Bullock believes the nation is in a good position when it comes to inflation. Photo: Aap/AAP PHOTOS

Australia is in a "very good position" on inflation but there are signs financial markets are being complacent about the geopolitical risks, the central bank boss says.

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Reserve Bank governor Michele Bullock painted a rosy picture of Australia's economic outlook on Monday, as she fronted a parliamentary grilling for the first time since the federal election in May.

A bunch of fresh faces on the new-look Standing Committee on Economics were given a crash course on

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