Minutes of the Reserve Bank of Australia May monetary policy meeting

Headlines via Reuters, bolding is mine:

Full text:

The next RBA meeting is June 7. The only question on the coming rate hike at the June meeting is how large it will be, 15bp will take the rate to 0.5% while 40bps will take it to 0.75%. Those are only my guesses, perhaps the RBA will choose some other bp number to hike by.

The graph of the cash rate. The hike in May was the first rise in over 11 years. Its very difficult to even see the hike in the graph below.

rba cash rate may 17 May 2022