The Reserve Bank of Australia (RBA) has left the cash rate target unchanged at 4.35%.
According to the central bank, inflation continued to ease in the December quarter.
“Despite this progress, inflation remains high...
The monthly CommBank Household Spending Insights (HSI) Index fell 3.9% in December.
This, says the bank, was due to the cumulative effect of successive interest rate rises as well as consumers bringing forward holiday...
The monthly CommBank Household Spending Insights (HSI) Index rose 1.8% in November.
This was driven by consumers bringing forward their holiday shopping to take advantage of heavy discounting during Black Friday and Cyber...
Consumers spent more than $35.7 billion across the country in October, according to seasonally adjusted figures released by the Australian Bureau of Statistics (ABS).
Australian retail turnover fell 0.2% in October, following rises...
Almost two-thirds of surveyed Australians have cash or store vouchers at the top of their Christmas wish list this year.
The findings were derived from a survey of an independent panel of 1005...
Australians continue to prioritise spending on travel and entertainment despite feeling ongoing pressure from rising living costs, according to the latest CommBank iQ Cost of Living Insights Report.
The report shows quarterly spending...
The monthly CommBank Household Spending Insights (HSI) Index fell 1% in October.
This was led by declines in spending across recreation, hospitality and food and beverage as the ongoing effect of interest rate...
The Reserve Bank of Australia (RBA) has raised the cash rate target by 25 basis points to 4.35%.
It has also increased the interest rate paid on Exchange Settlement balances by 25 basis points to...
