Australian stock market gains after split rate decision
Most economic analysts had predicted the Reserve Bank would raise interest rates. -AAP Image
The Australian share market has gained ground after the Reserve Bank lifted interest rates in a split decision that raised hopes the central bank might forgo another hike in May.
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The benchmark S&P/ASX200 index on Tuesday finished up 30.9 points, or 0.36 per cent, to 8,614.3, while the broader All Ordinaries climbed 26 points, or 0.3 per cent, to 8,819.4.
The Australian dollar was trading at a five-day high of 70.86 US cents, from 70.15 US cents at 5pm on Monday.
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