Australian shares have plunged to a four-month low in the wake of a Reserve Bank warning about the nation’s inflation rate.
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Maroc - THEWEST.COM.AU - National News - 26/06/2024 08:59
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
Australian shares have plunged to a four-month low in the wake of a Reserve Bank warning about the nation’s inflation rate.
Australian shares have plunged to a four-month low in the wake of a Reserve Bank warning about the nation’s inflation rate.
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It was a sea of red for the Australian sharemarket on Friday led by falls in technology and banking stocks as US and China issues weigh on investors.
In a major concern for the Reserve Bank, underlying inflation rose again to sit further above the RBA’s 2-3 per cent inflation target.