Australian shares end 0.3% higher after RBA lifts cash rate to 4.60%
The RBA board lifted the cash rate to a 15-year high of 4.60%, with shares closing up 0.3% at 8,709.30; tech jumped 4.6% and miners rose 1.1%.
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Australian shares end higher after RBA lifts rates to 15-year high
By Kumar TanishkAustralian shares eked out gains on Tuesday, buoyed by miners and tech stocks, while the central bank delivered a widely expected rate hike and signalled further tightening to tame stubborn inflation.The Reserve Bank of Australia board voted unanimously to lift the cash rate by 25 b…