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Australian shares slip on RBA inflation warnings; banks and miners drag
Australian shares fell on Wednesday, weighed down by banks and miners, as hawkish signals in the Reserve Bank of Australia’s meeting minutes added to concerns about persistent inflation. The S&P/ASX 200 index fell 0.6% to 8,731.50 by 0010 GMT, and was set to clock its worst day since October 1. The benchmark ended flat on Tuesday. Sentiment was dampened after the country’s central bank warned it still expects stubborn inflation to stay higher for longer, driven by excess domestic demand and higher global energy costs. The warning left the door open to a fifth rate hike this year. Inflation...
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