![[Market Close] RBA hikes by non-surprising 25 basis points](https://test.goodreturns.co.nz/images/default.jpg)
[Market Close] RBA hikes by non-surprising 25 basis points
The Reserve Bank of Australia (RBA) hiked its cash rate by an expected 0.25 basis point to 3.1% this afternoon, warning that a further increase in inflation was expected over the months ahead.

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