The Reserve Bank of Australia maintains a 6:3 split on interest rate cuts and rejects three consecutive cuts, indicating the need for more inflation data before considering easing policy cautiously.

According to the latest meeting minutes obtained by the Wise Finance APP, the Reserve Bank of Australia believes that the third interest rate cut within four meetings is not in line with its cautious gradual easing strategy, which is why the central bank's decision to stand pat this month has shocked the market.