The Aussie market broke a three-day slide, lifting 0.4% even as the Reserve Bank raised interest rates to 4.1%. In a narrow 5-4 split decision, Governor Michelle Bullock cited persistent domestic inflation as the primary catalyst. While the hike was widely anticipated, the non-unanimous vote triggered a relief rally in Financials and Property stocks, though gains cooled after Bullock warned that a May hike remains "live." Gold miners dominated the winners, with Pantoro Gold soaring 12% following a broker upgrade. The Energy sector retreated as oil prices dipped toward $101 a barrel, while Temple & Webster slumped 8% amid broader retail weakness.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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