According to CoinMeta, Michelle Brock, the governor of the Reserve Bank of Australia (RBA), stated at a press conference that the possibility of interest rate cuts was not discussed at the meeting; only increases in interest rates or maintaining the current rates were considered. She pointed out that there is currently a risk of rising inflation and that it is expected to take some time of weak economic growth to reduce inflation. She also said that the bank is prepared to raise the cash rate again if necessary, but did not rule out the possibility of further interest rate hikes.