According to reports from Jinshi Data, Luci Ellis, chief economist at the West Pacific Bank, stated that some central bank observers believe the Reserve Bank of Australia should keep interest rates unchanged next week to gather more data, but this view is not convincing.
Ellis added that the Reserve Bank of Australia will not receive new information in the next five weeks and will not change its decision to cut interest rates. The question is whether the RBA governor can hold a media conference to explain why they would wait another five weeks to cut rates, and the answer may be no.