ANZ Shares Recover, Rate Worries Linger for Aussie Banks
ANZ shares rose 1.31% to A$35.52 Tuesday as the ASX 200 rebounded from a seven-week low. The gain followed the Reserve Bank of Australia’s decision to lift the cash rate to 4.35%, with minutes showing eight board members in favor. ANZ’s half-year profit reached A$3.65 billion, with an interim dividend of 83 cents per share.