ASX dips 0.4 per cent: Interest rates on hold, Murdoch’s legal woes | Finance Report

Australian shares fell 0.4 per cent today as bank stocks dipped, while the Reserve Bank kept interest rates on hold at 4.35 per cent. Shares in News Corp shed 0.5 per cent as Rupert Murdoch’s media empire faces succession uncertainty after the media tycoon lost his court case against his three children. Alan Koller explains why the Reserve Bank refrained from cutting rates after its final meeting of 2024.
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