RBA Raises Cash Rate to 4.10%

By Sophia Rodrigues

The Reserve Bank of Australia lifted the cash rate by 25bps to 4.10%, making it back-to-back rate hikes after three cuts in 2025.

The decision was a close call, with the hike camp exceeding the hold voters by 5 to 4.

The Monetary Policy Board judged inflation is likely to remain above target for some time, and the risks have tilted further to the upside, including to inflation expectations.