According to Jinshi, Jonathan Kearns, chief economist of Challenger and former senior manager of the Reserve Bank of Australia, said that economists are too focused on picking out the wording in the policy statement when predicting the future actions that the Reserve Bank of Australia may take, and what is more important is data analysis. He believes that if the neutral real official cash rate is understood to be 0.5% to 1.0%, then the nominal neutral cash rate should be 3% to 3.5%. This means that at the current official cash rate of 4.35%, the policy has only tightened by 0.85% to 1.35%. Therefore, there is not much room for rate cuts and maintaining a restrictive stance, and he tends to believe that the Reserve Bank of Australia will postpone rate cuts until inflation is truly under control.