
Australian shares managed to finish the week slightly higher, with the ASX 200 gaining 0.2% despite some sharp swings along the way. IT, retail and telecommunications shares helped offset weakness in resources and banks. The RBA also lifted the cash rate to a 15-year high of 4.6%, as expected, maintaining its focus on keeping inflation under control. While higher rates continue to create challenges, the market’s positive finish after a volatile week showed some resilience.
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