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 finds 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" unti

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 finds 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.