Q+A: The RBA was split on rates - so what happens next?

Yesterday the Reserve Bank increased the official cash rate by 25 basis points to 4.1 per cent. It’s the second rate hike in a row - but while last time the decision was unanimous, this time it was much closer, with the board split 5-4.Diana Mousina, Deputy Chief Economist at AMP, explains what that split means for the next RBA meeting in May, and the key factors that contributed to yesterday's rate hike.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.