Miners, Banks Drive ASX Higher

ASX soars on interest rate cut speculation

Australian shares surged to record highs as commodity prices soared and investors bet on interest rate cuts from the Reserve Bank.

Miners, banks drive ASX higher

The Australian sharemarket has made a bright start to the week ahead of Tuesday’s Reserve Bank meeting, which is expected to result in an interest rate cut.

Reserve Bank poised to bring relief for millions

The Reserve Bank of Australia board will start its two-day meeting today, with an interest rate reduction looking almost certain.Economists are tipping the central bank will announce tomorrow at 2.30pm (AEST) a 25-basis-point cut, which would bring the official cash rate down to 3.60 per cent.If banks pass this on in full, a homeowner with a $500,000 mortgage will save $2884 per year compared with what they were paying at the start of the year …

Reserve Bank begins meeting today ahead of interest rate decision

The Reserve Bank board is tipped to slash interest rates when it wraps up its two-day meeting tomorrow.