Macquarie (ASX:MQG) share price slips as Australia inflation shocks rate bets — what investors watch next
Macquarie Group shares fell 1.1% to A$212.84 on Wednesday after hotter-than-expected inflation data raised market bets on a Reserve Bank of Australia rate hike next week. The trimmed mean CPI rose 0.9% in the December quarter, lifting the annual rate to 3.4%. The ASX 200 slipped 0.09%, while the Australian dollar hovered just below 70 U.S. cents. Macquarie made no new disclosures to the market.