RBA Governor Warns More Rate Hikes Possible If Inflation Stays High

RBA governor Michele Bullock warns more interest rate hikes are possible if inflation remains a risk.

RBA is committed to bringing inflation back to 2-3% target range. Rate hikes could continue if needed.

RBA won't hesitate to raise rates further if inflation outlook increases materially.

RBA noting moderating growth and inflation, but still watching incoming data closely.

Next rate decision on November 7 after reviewing latest inflation and jobs data.