RBA hikes the Cash Rate by 25bps to 4.10%, as expected, with the decision made by a majority decision (5-4 vote split)

Says 

• Five members voted for a 25bps hike and four voted to leave the Cash Rate unchanged.
• Material risk inflation will stay above target for longer.
• Inflation risks have tilted further to the upside.
• Board will do what’s necessary to deliver price and jobs goals.
• Short-term inflation expectations have already risen.
• The conflict in the Middle East poses substantial risks in both directions and has resulted in sharply higher fuel prices, which, if sustained, will add to inflation.
• Will be attentive to data, evolving outlook, and risks in decisions.
• Wide range of data over recent months confirmed inflationary pressures picked up materially in H2 2025.