According to CoinMeta, Andrew Hoser, Deputy Governor of the Reserve Bank of Australia ( Andrew Hauser ), reiterated that inflation is still too high and monetary policy needs to continue to reduce demand in the economy in order to bring inflation rates back to target levels. He warned that further interest rate hikes are still under consideration if inflation does not decline. Hoser stated that the board of directors has not predicted an economic recession, and the current trajectory is seen as a slowdown rather than a sharp decline, but the risk of rising inflation remains a real concern.