That being said, their forward guidance language did shift a little as indicated in bold above. While not explicitly pointing to further tightening steps just yet, they are making markets know that the risks are now tilted to the upside on inflation instead. As such, that opens up some room for further rate hikes in the near future if need be. It is essentially a case of the RBA just reaffirming that they acknowledge the potential to raise the cash rate again, if and when necessary. Coming into the decision, traders were pricing in ~97% odds of no change for the meeting.