ASX 200 LIVE: October inflation spike rules out Dec rate cut; fresh Optus outage; National Storage bid
Interest rate cuts are becoming more of a distant prospect after consumer prices hit a 16-month high driven by the surge in power bills. Optus’ latest Vic outage may disrupt triple-zero calls.
The Australian’s rolling coverage of business and markets news for Wednesday, November 26.
The ASX 200 index closed up 0.8 per cent at 8606.5 points as strong leads from Wall Street outweighed fading hope of rate cuts as inflation jumps.
Originally published as ASX 200 LIVE: October inflation spike rules out Dec rate cut; fresh Optus outage; National Storage bid