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AAP
AAP
Jacob Shteyman and Kaaren Morrissey

The RBA conflict that could decide its next rates call

RBA Reserve Bank Chris Richardson
The 5-4 rates split was the narrowest decision since the RBA started publishing votes in July 2025. (Susie Dodds/AAP PHOTOS)

A conflict at the heart of the Reserve Bank's mandate could determine the outcome of its next interest rates decision.

Minutes from the central bank's March meeting published on Tuesday revealed a split between the five members who voted for a hike in the cash rate and the four who voted to hold it at 3.85 per cent.

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