RBA Raises Rates to an 18-Year High; Australian Shares Gain 0.3%
The S&P/ASX 200 closed 0.3% higher at 8,886.80 on Tuesday, led by banks. The near-split RBA vote fuelled expectations that the tightening cycle may be nearing its end.
By Nikita Maria Jino and Shravya MarakiniAustralian shares closed slightly higher on Tuesday, led by banks after a near-split central bank vote to raise interest rates fuelled expectations that the tightening cycle may be nearing its end.The S&P/ASX 200 index ASX:XJO ended up 0.3% at 8,886.80. It f…