The Reserve Bank of Australia may keep interest rates unchanged and has no plans to cut interest rates in the next five weeks

According to Jinshi Data, Luci Ellis, chief economist of Westpac Bank, said that some central bank observers believe that the Reserve Bank of Australia should keep interest rates unchanged next week to obtain more data, but this view is not convincing.

Ellis added that the RBA will not get new information in the next five weeks and will not change its decision to cut interest rates. The question is whether the RBA chairman can hold a media conference to explain why he will wait another five weeks before cutting interest rates. The answer is probably no.