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

RBA’s Bullock Says Economy Cooling, Unsure If Rates High Enough Australia’s central bank chief said 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 or whether additional tightening will be needed. In a balanced and wide-ranging speech at the annual Anika Foundation lunch in Sydney on Tuesday, Reserve Bank Governor Michele Bullock highlighted that while the world has become more shock-prone, the economy is more resilient than in the past. She said the key goal is to prevent elevated cost pressures from entrenching inflation.