The Australian Reserve Bank has increased interest rates by 0.25 percentage points, up to 4.1 percent.
This is the second month the RBA has lifted rates, with the bank hiking up to 3.85 percent in February.
Australian correspondet Murray Olds says the vote to increase rates was divided, but there's concerns about inflation brought on by the ongoing crisis in the Middle East.
LISTEN ABOVE

Enda Brady: UK correspondent on the UK's air traffic control head being under pressure to quit following recent glitch
04:17

Sam Dickie: Fisher Funds expert on the AI researcher quitting Anthropic and warning of the tech's risks
04:22

Jamie Mackay: The Country host on the market volatility potentially impacting red meat sector
04:21