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AAP
AAP
Business
Derek Rose

Australian shares creep higher despite RBA's tough talk

RBA Inflation Reserve Bank Andrew Hauser David Bassanese
Australian stocks have inched higher despite a central bank official's hawkish inflation comments. (Lukas Coch/AAP PHOTOS)

The Australian share market has crept higher, shaking off hawkish comments by a Reserve Bank official that gave fresh hints a Melbourne Cup Day rate hike is a real possibility.

The benchmark S&P/ASX200 index finished Wednesday 14.4 points higher at 8831.3, a gain of 0.16 per cent, while the broader All Ordinaries rose 12.4 points, or 0.14 per cent, to 8956.6.

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