Organization: The Reserve Bank of Australia may have completed its interest rate hiking cycle.

According to Barrenjoey Markets Pty Ltd, the Reserve Bank of Australia has taken an unusual step by clearly expressing its policy inclination, especially by adding the obvious statement "cash rates can still be further increased if necessary." The agency's chief interest rate strategist, Andrew Lilley, said: "We believe the central bank has completed the rate hiking cycle, but they want to keep the possibility of another rate hike in August under consideration."