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RBA Expected to Lift Rates as Australian Dollar Nears Four Year High

Summary by SBS News
Australian shares dropped 0.4 per cent ahead of an expected Reserve Bank rate rise, with losses across most sectors led by consumer staples and energy, while petrol prices continued to ease nationwide. Corporate headlines included a recall by A2 Milk in the United States, an ASIC investigation into Accent Group, and NAB’s weaker half-year profit driven by accounting changes despite solid lending growth and a steady dividend. The outlook for borr…
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Australian Financial Review broke the news in Sydney, Australia on Sunday, May 3, 2026.
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