Macquarie analysts say the Reserve Bank of Australia will keep the cash rate
unchanged at next week’s meeting but will deliver a hawkish signal to reinforce
market bets on an August rate hike. Recent RBA communications show no sign of
contemplating rate cuts. Macquarie’s AI analysis of official wording under the
past three governors find the current tone closely mirrors prior pre-hike
periods. Analysts judge the RBA intends to keep the prospect that "further rate
hikes remain on the table" until inflation risks are resolved.
