RBA’s Bullock Says Economy Cooling, Unsure If Rates High Enough
Bloomberg 2026-07-28 03:05:00
Context: Reserve Bank of Australia Governor Michele Bullock stated that the Australian economy is showing signs of cooling as anticipated, but expressed uncertainty about whether this year's interest-rate hikes have been sufficient to bring inflation back under control. The economy's adjustment is being closely monitored to determine if further monetary policy tightening will be necessary. Bullock's comments come as the central bank continues to assess the impact of its recent interest-rate decisions.
Key Facts
- Reserve Bank of Australia Governor Michele Bullock reported that there are signs the economy is adjusting as anticipated, though it’s still unclear if this year’s interest-rate hikes are enough to return inflation to target.
- The central bank is uncertain whether additional monetary policy tightening will be needed to bring inflation back under control.
- Bullock's comments reflect the bank's ongoing assessment of the economy's response to interest-rate hikes implemented earlier in the year.