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

Australia's central bank governor, Bullock, noted that the economy is showing signs of cooling as expected, but there's still debate over whether the current interest rate hikes will sufficiently bring inflation back to target levels or if further tightening will be necessary. This uncertainty underscores the ongoing challenges the Reserve Bank of Australia faces in balancing economic growth with controlling inflation. The comments highlight the delicate task of managing monetary policy to maintain economic stability.