RBA rate hike to 4.10% lacks conviction as board splits 5–4

RBA delivered a widely expected 25bps hike to 4.10%, but the real surprise lay in the 5–4 split decision, exposing a deeply divided board. The narrow margin suggests that while policymakers are concerned about inflation, there is no strong consensus that further tightening is clearly warranted. At the center of the debate is the energy-driven […]

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