Three more interest rate cuts may be on the way. But when is increasingly looking like anyone’s guess

‘Might need to be a bit lower’: Michele Bullock speaks at a press conference after the Reserve Bank’s latest interest rate cut. Photograph: Dan Himbrechts/AAP

Three down, three more to go.

For mortgage holders, that was the most optimistic takeaway from Michele Bullock’s press conference after the Reserve Bank of Australia’s decision to cut its cash rate for the third time this year.