Australian Shares Rise 0.2% After RBA Rate Hike
The S&P/ASX 200 was up 0.2% at 8,872.30 by 0345 GMT after the RBA raised rates as expected.
Australian shares reversed course to tick higher on Tuesday after the central bank raised interest rates as expected and flagged that rate hikes since the start of the year have tightened financial conditions.The S&P/ASX 200 index ASX:XJO was up 0.2% at 8,872.30 by 0345 GMT. The benchmark had falle…