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ABC News
ABC News
Business
business reporter David Chau and wires

ASX closes higher as inflation falls for second month, US regulator slams Silicon Valley Bank for 'terrible' risk management

The Australian share market has ended its day higher, for the third day in a row, despite investors' ongoing worries about the stability of the US banking sector.

Meanwhile, the ABS's latest monthly inflation data shows cost-of-living pressures have eased for a second consecutive month, which is strengthening the case for the Reserve Bank to keep interest rates on hold next week.

See how the trading day unfolded on our live blog.

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