Wednesday’s market rally was broad based as all 11 sectors finished higher, led by healthcare and consumer stocks. Meanwhile, the all-important trimmed mean inflation rate held steady at 3.6 per cent. Camera Icon Markets are now pricing in just a two per cent chance of an interest rate hike. “Any lingering expectations of another rate hike all but evaporated today, with investors now firmly expecting the RBA to leave the cash rate unchanged in August.” Markets were pricing in a 21 per cent chance of a rate hike in August prior to the figures, but this dropped to just 2.6 per cent after the announcement.