CAR Group (ASX:CAR) share price rebounds as ASX hits record; CPI keeps rate nerves alive
CAR Group shares closed up 2.8% at A$24.59, outperforming a 1.5% drop in the communication services sector as the S&P/ASX 200 hit a record. Australia’s annual CPI held at 3.8% in January, but trimmed-mean inflation rose to 3.4%. Markets increased bets on a May rate hike. CAR’s interim dividend record date is March 16.