Resources

A split hike to 4.10%, a fuel surge and what both mean for advisers

An empty committee chamber, a long polished table ringed by high-backed leather chairs under hard morning light from tall windows.

A five to four board decision took the cash rate to 4.10%, and the market’s odds on that hike had run from 0% to 57% in the weeks it took diesel to rise about 70%. Inside: why a price households check every week matters more than its 3.5% share of the inflation basket, and how a couple in their late sixties bought their own practice premises inside super on a thirty-year term.