
2025 rate cuts unlikely, DroneShield plunges after CEO dumps shares | Finance Report | ABC NEWS
#ABCNEWS #ABCNEWSAustralia #ABCBusiness
The Reserve Bank is unlikely to cut interest rates again in the near future after the ABS released better-than-expected job figures, which showed the unemployment rate falling to 4.3%.
The reduced odds of a rate cut led to a bad day for the ASX 200 , while DroneShield's share price plunged more than 30% after its CEO sold all his shares in the company for $49.5 million
