According to CoinMeta, institutional analysis indicates that the Reserve Bank of Australia (RBA) raised interest rates as scheduled today for the fourth time this year, increasing the official cash rate from 4.35% to 4.60%. The RBA is clearly concerned that the unresolved conflict in the Middle East is exacerbating inflation risks, and the Monetary Policy Committee stated that these risks are gradually materializing. The RBA has not ruled out raising rates again in November; if such a move occurs, interest rates could reach their highest level since 2008. The market will closely monitor the impact of the rate hike on the employment market and real estate prices, as these two sectors are likely to be the first to feel the pressure of higher interest rates.