RBA Minutes: Board Unanimously Agreed on 25bp Rate Hike

The unanimous vote, paired with a brief look at holding steady, signals the board treated softer housing conditions as insufficient to offset upside inflation risks and stronger-than-expected excess demand. That framing matters for rate-sensitive sectors, particularly Australian housing and the currency, since it implies a lower bar for further tightening than markets may have assumed. Whether the board's emphasis on timely adjustment translates into another move at the next meeting is the open question.