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

The prospect of lower rates is good news, but Michele Bullock's vision for the future appears blurrier

• Get our breaking news email, free app or daily news podcast

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.