The Australian sharemarket dropped sharply today after the high inflation numbers "dashed hopes" of another interest rate cut this year. David Koch discusses the immediate market reaction, noting that the property and banking sectors led the decline as investors realised the Reserve Bank would be forced to maintain a restrictive stance.

The Australian sharemarket dropped sharply today after the high inflation numbers "dashed hopes" of another interest rate cut this year. David Koch discusses the immediate market reaction, noting that the property and banking sectors led the decline as investors realised the Reserve Bank would be forced to maintain a restrictive stance.

Join Michael McLaren on 2GB Afternoons for a mix of news, opinion, entertainment and fun from 12.00pm - 3.00pm, Monday to Friday.

You can contact the show on the text line 0460 873 873

Join Michael McLaren on 2GB Afternoons for a mix of news, opinion, entertainment and fun from 12.00pm - 3.00pm, Monday to Friday.
You can contact the show on the text line 0460 873 873

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