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AAP
AAP
Business
Derek Rose

Australian shares gain ground after dovish RBA meeting

BHP shares were up as the market digested the RBA interest rate decision. (Dan Peled/AAP PHOTOS)

The local share market has finished higher after the Reserve Bank adopted a more neutral outlook on interest rates, discarding language suggesting another rate hike was possible. 

The benchmark S&P/ASX200 index on Tuesday finished up 27.4 points, or 0.36 per cent, to 7,703.2, while the broader All Ordinaries gained 32.6 points, or 0.41 per cent, to 7,957.8.

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