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Kent's signal wasn't clearly dovish, but rather closer to a "hawkish pause," which can be summarized as follows: current interest rates are already limiting, the effects of rate hikes are becoming apparent, therefore the RBA has the means to observe for the time being; however, inflation risks remain skewed to the upside, and the door to further rate hikes is not closed. The RBA has raised interest rates by a cumulative 75 basis points this year, bringing the cash rate to 4.35%. Kent stated that current interest rates are close to the upper limit of the neutral interest rate range estimated by various models, while the housing market is clearly weakening, indicating that tightening is suppressing demand; the appreciation of the Australian dollar can lower import prices, further helping to cool inflation. This is consistent with the logic behind the RBA's decision this week to pause rate hikes and assess the effects of previous tightening. However, on the other hand, weak productivity is limiting the economy's supply capacity. The latest RBA data shows that core inflation remains at 3.6%, above the 2%-3% target range, and the RBA clearly believes that risks remain skewed to the upside.

Reserve Bank of Australia Assistant Governor Kent: We need to focus on historical average inflation data to concentrate on monthly CPI reports rather than quarterly data.

Reserve Bank of Australia Assistant Governor Kent: There is currently no urgent need to convert foreign exchange reserves into other currencies.

Reserve Bank of Australia Assistant Governor Kent: Valuations in some stock markets do indeed appear very generous.

Reserve Bank of Australia Assistant Governor Kent: If the risks materialize, interest rates could rise further.

Reserve Bank of Australia Assistant Governor Kent: Productivity data is very disappointing, which makes controlling inflation more difficult.

Reserve Bank of Australia Assistant Governor Kent: RBA Governor Bullock emphasized uncertainty and pointed out that inflation risks are mainly skewed to the upside.

Reserve Bank of Australia Assistant Governor Kent: The Board will carefully consider the various factors affecting financial conditions.

Reserve Bank of Australia Assistant Governor Kent: There is considerable uncertainty in our estimate of the neutral interest rate.

Reserve Bank of Australia Assistant Governor Kent: A stronger exchange rate helps to mitigate inflation by lowering the domestic prices of imported goods.

Reserve Bank of Australia Assistant Governor Kent: Significant investments in data centers and AI-related infrastructure will help support overall demand growth.

Reserve Bank of Australia Assistant Governor Kent: The housing market has softened significantly recently. Tax changes announced in the federal budget appear to have led to a decrease in demand in the existing housing market.

Reserve Bank of Australia Assistant Governor Kent: The interest rate hike is having the expected effect.

Reserve Bank of Australia Assistant Governor Kent: The cash rate is near the upper end of our estimated range for the neutral rate center, based on various models.

According to the Wall Street Journal, sources say Mexico is pushing for lower auto tariffs in the USMCA negotiations.

Market news: Russia attacked the port of Izmail in Ukraine, and the port's infrastructure caught fire after the attack.

Australia's S&P/ASX 200 index opened down 23.50 points, or 0.26%, at 9185.90 on Thursday, August 13.

The NI225 opened 580.21 points higher, or 0.86%, at 68,104.27 on Thursday, August 13.

According to the Washington Post, U.S. officials say Israel provided intelligence that Trump's life was threatened during his visit to Turkey, possibly in an attempt to influence Trump's decision-making.

Japan's corporate goods price index rose 7.2% year-on-year in July, below the expected 7.4% and the previous reading of 7.10%.