RBA’s Grim Rate Call Fails to Dent ASX Gains

Traders weigh cash rate above 5pc after RBA’s warning shot

There is an almost two-in-three chance the RBA will raise rates on Melbourne Cup Day, but money markets are starting to price in even higher borrowing costs.

RBA’s grim rate call fails to dent ASX gains

Traders ignored rising oil prices and interest rates risk as the Australian sharemarket closed higher on Wednesday.

Australian shares creep higher despite RBA's tough talk

The Australian share market has crept higher, shaking off hawkish comments by a Reserve Bank official that gave fresh hints a Melbourne Cup Day rate hike is a real possibility.