RBA Meeting Minutes: Another rate hike may be possible if necessary.

RBA meeting minutes show all board members agreed on the need to raise rates by 25 basis points. The board discussed upside risks to inflation and factors that could continue to push inflation higher. Since August, some upside risks to inflation have materialized or are building. Rates should respond "in a timely manner" to keep inflation expectations anchored. Another rate hike may be possible if necessary.