25 Jan Australian shares drop on inflation lift – ASX200 down 22.1 points to 7,468.3 at close on 25/1
Australian shares have edged lower while the local currency has rallied after higher-than-expected inflation figures quashed hopes for a pause in the Reserve Bank’s interest rate hike cycle next month. The benchmark S&P/ASX200 index settled 22.1 points, or 0.30 per cent lower, at 7,468.3 by close...