The Governor of the Reserve Bank of Australia (RBA), Philip Lowe, emphasized that market expectations for rate cuts may be overly optimistic, and recent policy considerations actually lean towards considering rate increases to address inflationary pressures. He stated that the RBA is closely monitoring economic data and inflation trends, and is prepared to take action when necessary. If the consumer price index (CPI) diverges from expectations, the RBA could consider raising rates. Lowe's statement indicates that the RBA is vigilant about the current economic environment and ready to adjust monetary policy flexibly to maintain economic stability and achieve its inflation target.