RBA's Bullock Says Inflation Still High, More Rate Hikes on Table

Reserve Bank of Australia Governor Michele Bullock said inflation in the country remains too high, according to Investing.com. She indicated that the central bank will continue discussing the possibility of further interest rate increases as it works to bring price growth back under control.

The comments come as the RBA continues to monitor economic conditions closely, with Bullock signaling that policymakers are not ruling out additional tightening measures, Investing.com reported.

No further details on the timing or scale of potential rate moves were provided in the report.