According to CoinMeta, RBA Governor Philip Lowe stated on Wednesday that the RBA will discuss at next week's monetary policy meeting whether the four interest rate hikes this year are sufficient to bring inflation rates back to target levels within a reasonable time frame. He pointed out that another significant increase in oil and related product prices will have a notable boosting effect on inflation. Lowe added, "A key question is whether the monetary policy tightening to date is sufficient to bring inflation rates back to target levels within a reasonable time."