According to CoinMeta, the minutes of the Reserve Bank of Australia (RBA) meeting show that the debate regarding whether to conduct a preemptive interest rate hike in August was quite intense. The meeting minutes confirm that the decision to maintain the interest rates unchanged was the result of careful discussion, not a mere formality. Although the current policy is already at the upper limit of neutral interest rates and is functioning well, due to the upward risk assessment of inflation forecasts, the RBA still maintains a tightening bias. Even if interest rates remain unchanged, future data, particularly regarding the labor market, housing market, and cost transmission in the Middle East, will have a significant impact on the next decision-making process.