The Reserve Bank of Australia lifted its benchmark rate for the second straight time as the conflict in the Middle East poses material risk to inflation.
In a close call, the policy board, governed by Michele Bullock, decided to hike the cash rate target by 25 basis points to 4.10 percent.
The decision was made by a majority vote, with five members voting to raise the rate and four seeking to hold it at 3.85 percent.
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