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Oct 14 (Reuters) — Australian shares fell on Wednesday, weighed down by banks and miners, as hawkish signals in the Reserve Bank of Australia's meeting minutes added to concerns about persistent inflation. The S&P/ASX 200 index fell 0.6% to 8,731.50 by 0010 GMT, and was set to clock its worst day since October 1. The b
Australia’s economy slowed in the June quarter as rising borrowing costs and high fuel prices weighed on consumer demand. Despite still topping forecasts, analysts warn inflation may keep requiring a deeper downturn.
Australia's consumer inflation slows in April, core inflation rises. This may impact the Reserve Bank of Australia's monetary policy decisions.