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Business

Derek Rose

Aust shares edge lower following RBA rate call hangover

RBA Michele Bullock Reserve Bank CBA

The ASX has closer lower as investors digested hawkish commentary from the Reserve Bank. (Steven Saphore/AAP PHOTOS)

The Australian share market has closed slightly lower as traders digest hawkish commentary from the Reserve Bank indicating another interest rate hike is possible.

The benchmark S&P/ASX200 on Wednesday dropped 8.4 points, or 0.11 per cent, to 7,769.7, while the broader All Ordinaries fell 5.3 points, or 0.07 per cent, to 8,010.5.

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