ASX Drops After RBA's Rate Hike Warning
Update: 2025-12-09
Description
Australias sharemarket plummeted today, with all sectors ending in the red, following a stark warning from the Reserve Bank of Australia governor, Michele Bullock. She hinted at a potential interest rate hike next year due to persistent inflation concerns. TechnologyOne, NextDC, and Life three sixty saw significant drops, while the big four banks experienced mixed results. The Reserve Banks cautious approach underscores their need for more time to assess current price pressures.
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