Analysts say the Reserve Bank of Australia has long signaled a rate rise and a
25bp hike this week is all but certain. The bank is expected to stress upside
inflation risks and the unresolved Middle East conflict; wording will be
market‑sensitive. Officials appear doubtful they can return inflation to target
within a reasonable timeframe and have reduced emphasis on protecting
employment. Statements may be blunt and leave scope for a further hike in
November.
