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Australian shares ease as investors look beyond likely RBA hike
Australian shares inched lower on Tuesday ahead of a widely expected interest rate hike by the central bank, as market participants looked for signals on the path of monetary policy beyond September. The S&P/ASX 200 index fell 0.1% to 8,670.10 by 0033 GMT after closing 0.2% higher on Monday. Markets have priced in a 25-basis-point increase in the cash rate to 4.60%, which would mark the central bank’s fourth rate hike this year. Investors will scrutinise the accompanying statement for clues on whether further tightening is likely. Focus also remains on August inflation data due on Wednesda...
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