ANZ shares slide nearly 2% as banks retreat ahead of Australia CPI — what to watch next
ANZ Group Holdings fell 1.96% to A$35.97 as major Australian banks slid ahead of Wednesday’s CPI release. The S&P/ASX 200 dropped 0.5%, with financials down 1.8%. Investors priced a 33% chance of a February rate hike after inflation data showed annual CPI at 3.8% in October, above the RBA’s target. ANZ’s next half-year results are due May 7.