RBA Hawkishness Points to Imminent Rate Rise: Macquarie Analysis

Macquarie's analysis of language used by Reserve Bank of Australia officials indicates increasing hawkishness following their decision not to raise interest rates last month.

The broker examined the tone and wording used by RBA officials after their meeting, which led them to conclude that a rate rise is almost certain in two weeks' time.

This assessment comes as the Federal Reserve prepares to hike interest rates this week for the first time in three years to combat rising inflation caused by higher oil prices due to the Middle East conflict.