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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.

All eyes are on Australia’s first ‘complete’ inflation picture on Wednesday.
All eyes are on Australia’s first ‘complete’ inflation picture on Wednesday.

The Australian’s rolling coverage of business and markets news for Wednesday, November 26.

The ASX 200 index is 0.9 per cent higher at 8609.50 points at 2.10pm AEDT, slightly lower than where it started the day.

Originally published as ASX 200 LIVE: October inflation spike rules out Dec rate cut; fresh Optus outage; National Storage bid

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Original URL: https://www.thechronicle.com.au/business/asx-200-live-complete-oct-inflation-to-signal-rate-path-googles-nvidia-challenge/live-coverage/8c7a6462a5a3d1f7408cf9441aeb860c