Mining rally pushes ASX higher as RBA keeps interest rates on hold

A surging mining sector pushed the Australian sharemarket higher on Tuesday, even as the Reserve Bank warned further interest rate rises were still possible as the Board battled to return inflation to a two to three per cent target band.

The benchmark S&P/ASX 200 index lifted 0.36 per cent, or 27.4 points, to end the day at 7703.2 points.

The broader All Ordinaries index rose 0.41 per cent, or 32.6 points, to finish at 7957.8 while the technology index slipped 0.15 per cent to close 4.6 points lower at 3056.1.

To know more: https://www.news.com.au/finance/markets/australian-markets/mining-rally-pushes-asx-higher-as-rba-keeps-interest-rates-on-hold/news-story/80c2a9bfe2d05410b6c36c4634e7c67a