RBA's Bullock: Key question is whether tightening already delivered enough
Before the August RBA meeting, RBA governor Bullock is pouring cold water on asking whether tightening already delivered enough, followed by the lagging effect on tightening. While she clearly state more upside risk from energy, softer domestic demand is also mentioned. It seems to be lowering the anticipation of market participant's imminent hiking expectation.
AUD/USD is trading 0.1% lower at 0.6982.