That dragged rivals QBE Insurance Group QBE.AX and Suncorp Group Ltd SUN.AX lower too. The Reserve Bank of Australia left cash rate untouched at its monthly policy meeting, but dropped a commitment to keep yields on the April 2024 government bond at 0.1%, citing improving economic recovery and rising inflation. Miners .AXMM were the biggest laggards on the benchmark index, shedding more than 2% as iron ore prices fell on poor demand outlook.