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The Australian sharemarket is set for a flat start today as investors digest the Reserve Bank of Australia (RBA)’s decision to lift interest rates to a 15-year high and turn their attention to inflation data for clues on whether further tightening may be required. ASX futures were down 5...
The odds of the Reserve Bank lifting interest rates in November have fallen sharply after the latest consumer price index (CPI) came in lower than expected. New figures from the ABS show show headline inflation jumped to 4 per cent in the year to August.
The Reserve Bank of Australia has lifted the cash rate by 25 basis points to 4.60%, taking borrowing costs to a 15-year high as persistent inflation and rising energy costs keep pressure on policymakers.