On November 22, G20 News reported that Gareth Aird, the head of the Australian economy at the Commonwealth Bank of Australia, stated that increasing signs indicate that the unemployment rate in Australia does not need to rise from its current level, and the data from the Reserve Bank of Australia can provide the necessary evidence to justify interest rate cuts. Aird expects a rate cut in February next year, as wage growth has already slowed and is consistent with the ongoing return to the target range of 2%-3% for inflation. Over the past six months, the unemployment rate has remained around 4.1%, and Aird still believes that a higher unemployment rate may not be necessary to bring inflation back to target. He added that the implied estimate of the unemployment rate for full employment by the Reserve Bank of Australia at 4.5% seems too high.