Markets up as RBA slashes rates: Afternoon market insights

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.

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