The Governor of the Reserve Bank of Australia (RBA), Philip Lowe, recently stated that the RBA is keeping a close watch on current inflation risks and stands ready to adjust its monetary policy, including raising interest rates, without hesitation when necessary to address potential upward price pressures. Lowe noted that it is expected that inflation levels will not be able to rapidly return to the RBA's target range of 2-3% in the near future, therefore, the current interest rate levels are still in line with its overall strategy for inflation management. The RBA's statement highlights its commitment to economic stability and price level control, as well as reflecting the market's high level of concern over the future trajectory of monetary policy.