The bank has come under fire since that meeting which,apart from lifting the cash rate,also showed the RBA believes interest rates will have to climb more than once over coming months to bring inflation under control.
At its December meeting,the bank discussed keeping rates steady plus 0.25 and 0.5 percentage point rises.
By February,a pause was off the agenda with the focus on rate increases.
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The minutes show a strong case was put for a 0.5 percentage point lift.
“The arguments for a 50 basis point increase stemmed from the concern that there had been a pattern of incoming prices and wages data exceeding expectations,and a risk that high inflation would be persistent,” the minutes showed.
“If it did persist,there would be significant costs,including higher interest rates and a larger increase in unemployment later on.