Inflation shock pushes up odds of RBA rate hike | Finance Report | ABC NEWS
Despite a strong start, the ASX 200 wiped out all of its gains by the close of trade. That was after the ABS released worse-than-expected inflation figures, which greatly increased the odds of the Reserve Bank lifting interest rates in November.
Meanwhile, shares of struggling casino group Star Entertainment are in a trading halt as it digests the implications of a $260 million fine for breaching Australia’s anti-money laundering laws.
Presented by David Chau.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-10-28/asx-markets-business-live-news/107316614
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia #ABCBusiness
