[Institution: If Oil Prices Fall Slowly and Unevenly, RBA Will Raise Rates Further] Golden Finance reported on June 29 that, given the Reserve Bank of Australia's recent warning that the official cash rate may rise further, issues surrounding the Middle East conflict and oil prices remain critical. Matthew Hassan, Head of Australian Macro Forecasting at Westpac, predicts that the normalization of oil and gas supply will be a 'slow and uneven process.' He noted that concerns over persistently high domestic inflation will force the RBA to raise rates further in August. Hassan added that, against the backdrop of already weak economic growth, this decision will be a difficult one for the committee.