According to Jinshi Data, Gareth Aird, head of economics at the Commonwealth Bank of Australia, said that Australia's unemployment rate does not need to rise to justify a rate cut. Aird expects a rate cut in February next year due to slowing wage growth and inflation returning to the target range. The unemployment rate has remained at 4.1% for the past six months, and Aird believes that a higher unemployment rate is not needed to achieve the inflation target. He pointed out that the Reserve Bank of Australia's estimate of a full-employment unemployment rate of 4.5% may be too high.