Australian shares have risen on Monday, led by financial stocks, ahead of a highly anticipated modest interest rate hike by the Reserve Bank of Australia (RBA) on Tuesday, despite the highest inflation rate recorded in three decades.
The RBA is tipped to raise interest rates by a more modest 0.25 of a percentage point for a second straight month on Tuesday and is set to do so again in December, despite the highest inflation rate recorded in three decades, a Reuters poll has found.
