The Australian share market reached new record highs in February, with the S&P/ASX 200 Index gaining 3.7% to close at 9,198.6 points. The Australian dollar strengthened by 1.7%, now trading at 71.2 US cents.  The Reserve Bank of Australia (RBA) responded to higher-than-expected inflation by increasing the target cash rate by 0.25% per annum, with the Cash Rate now at 3.85% per annum.

The Australian share market rose in January, with the S&P/ASX 200 Index gaining 1.8% to close at 8,869.1 points. The Australian dollar strengthened by 4.8%, now trading at 70 US cents. Although the Reserve Bank of Australia (RBA) did not meet during the month, all focus is now on whether it will keep the Cash Rate at 3.60% per annum amid strong employment data and higher‑than‑expected inflation.

The Australian share market posted gains in December, with the S&P/ASX 200 Index rising 1.2% to close at 8,714.3 points. The Australian dollar appreciated by 2.0%, stabilising at 66.8 US cents per AUD. The Reserve Bank of Australia (RBA) maintained the Cash Rate at 3.60%, with the next board meeting scheduled for February.