RBA’s Bullock Says Economy Cooling, Unsure If Rates High Enough

Reserve Bank of Australia Governor Michele Bullock said the economy is showing signs of adjusting as expected following rate increases implemented this year. Bullock stated it remains unclear whether the rate hikes will be sufficient to bring inflation back to the RBA's target level or if further tightening will be necessary. The RBA has not announced a decision on additional rate changes.

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