The Reserve Bank of Australia is stubbornly refusing to cut interest rates, and the market has erupted!

This week, the Reserve Bank of Australia (equivalent to their central bank) is facing a big issue! Everyone thought it was time to cut rates, but these big shots are holding firm, causing a wave of criticism in the market. Now everyone's eyes are on them; the meeting minutes will be released on Tuesday, and on Thursday, Governor Philip Lowe will have to speak, and investors will likely grill him to the point of questioning his life!

Why is everyone so unhappy?

- The economy is clearly not doing well, inflation is under control, and logically it should have cut rates to stimulate things.

- But the Reserve Bank of Australia is stubbornly insisting, saying they "want to wait for the second quarter CPI data," which sounds like a half-hearted excuse.

- Traders and economists are collectively confused: If you’re not cutting rates now, what are you waiting for?

There will definitely be a spectacle to watch on Thursday.

Governor Lowe will publicly speak, and he is sure to face various soul-searching questions:

"Why aren’t you cutting rates when the economic data is so poor?"

"Are you deliberately going against the market?"

"Do you even understand the current situation?"

The market sentiment is particularly volatile right now; it feels like all the classmates have finished their homework, and the Reserve Bank of Australia, the 'slacker', is still dragging its feet. If the subsequent economic data proves them wrong, it will be quite a spectacle!

In my opinion, these central bank big shots sometimes think too much; they should act when it's time to act, rather than waiting for perfect data. By then, it may be too late! Let's wait and see whether they remain stubborn or ultimately buckle under pressure.