From BOM:
“ The tropical Pacific remains El Niño-Southern Oscillation (ENSO) neutral. Climate models and current observations indicate this neutral state is likely to continue well into the southern hemisphere autumn.
Atmospheric indicators of ENSO, such as the Southern Oscillation Index (SOI), trade winds, and tropical cloud patterns have persisted at neutral levels since mid to late 2012. Tropical Pacific Ocean temperatures have remained steady over the last fortnight after several months of gradual cooling. This is consistent with climate model forecasts suggesting the current neutral ENSO state is likely to persist for some months. ”
The four-month sequence of sub-surface temperature anomalies (to the end of January) shows persistence of cool anomalies in the sub-surface of the eastern equatorial Pacific. A large volume of cooler-than-average water has been stable here since December; much of this water was more than 4 °C cooler than average during January.