ASX shares close 1.1% higher after CPI slows to a 13-month low
Australian shares experienced a significant rally on Wednesday as the country’s annual inflation rate unexpectedly slowed to a 13-month low. This development raised hopes that the Reserve Bank of Australia would maintain interest rates at 4.1%. The S&P/ASX 200 surged by 1.1% or 78.3 points, marking its largest daily gain since April. Likewise, the All […]
ASX shares close 1.1% higher after CPI slows to a 13-month low Read More »