Markets up as RBA slashes rates: Afternoon market insights

Myriam Robin /

The Australian sharemarket was edged higher today, spurred on by the RBA’s decision to cut interest rates by 0.25%.

The ASX200 added 0.87% to 4426.7, while the broader All Ordinaries index put on 0.84% to 4445.2.

The Australian dollar was largely unchanged after the RBA cut, buying $US1.03715.

Myriam Robin

Myriam Robin is a reporter for SmartCompany and its sister site LeadingCompany. She has degrees in economics, international studies and journalism. She likes writing about businesses taking risks and doing new things.