According to CoinMeta, the Reserve Bank of Australia ( RBA ) maintained the cash rate at 4.35% unchanged at its second meeting. Analysts believe that this decision was already fully priced in by the market and was unanimously approved, so the market's reaction was more about the tone of the statement. CBA interpreted the board's strengthened conditional guidance, indicating that further interest rate hikes would be implemented if upward risks arise, with the aim of preventing the market from over-anticipating the timing of rate cuts. Although the rate was maintained unchanged, the tone of the statement was firmer than what the market expected. The board reiterated that it would take necessary measures to sustainably bring inflation rates back to the target level, including further rate hikes when upward risks emerge.