ASX jumps to 5-month high, odds of RBA rate hike fall sharply | Finance Report | ABC NEWS

The Australian share market rose to its highest level since early March after the ABS released better-than-feared inflation data.
The Reserve Bank will almost certainly keep interest rates on hold at its August meeting, according to the latest market pricing in.
However, the likelihood of a rate hike by February 2027 is just over 50 per cent.

Meanwhile, Rio Tinto shares rallied after the mining giant reported its highest half-year profit and dividend in four years.

Presented by David Chau.

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