The local share market has spiked to near-record levels after cooler-than-expected inflation paved the way for the Reserve Bank to cut rates next month.
The benchmark S&P/ASX200 index on Wednesday came less than a point away from eclipsing its July 18 record for its highest close ever, rising 51.8 points, or 0.6 per cent, to finish at 8,756.4.
