According to Jinshi, the Reserve Bank of Australia raised interest rates to a 12-year high on Tuesday, but downplayed its tightening bias, making it more dependent on data to determine policy. Luci Ellis, chief economist at Westpac Bank, said that the Reserve Bank of Australia is not expected to raise interest rates again in December. The change in the wording of the last paragraph of the statement indicates that the bank hopes not to have to raise interest rates again, but if the situation changes, they are very willing to do so. There will not be enough new information between now and the December meeting to prompt them to change their views.