RBA Reassures Market with Eased Rate Outlook

Australian shares have had a change of heart, ending higher after a dovish repricing on interest rate expectations.

The market initially fell in response to signs of economic pressure, but Reserve Bank governor Michele Bullock's comments sparked a reversal.

Bullock noted that housing and jobs market conditions have eased, which was seen as a sign that the central bank may not need to raise interest rates as quickly as previously thought.

This shift in expectations led to a reassessment of the rate outlook, causing shares to rebound from their earlier losses.