The Australian share market has rallied to an eight-week high after cooler-than-expected inflation figures boosted the odds of an interest rate cut in February.
The benchmark S&P/ASX200 index on Wednesday gained 47.9 points, or 0.57 per cent, to 8,447.0 - its best close since December 5 and only 48 points from its highest close hit in the same week.
