Innovation

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.

Advertisement
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.

We Recommend

FROM AROUND THE WEB