Tag: inflation

RBA keeps interest rates on hold

The Reserve Bank of Australia (RBA) has left the cash rate target unchanged at 4.35%. According to the central bank, inflation has fallen “substantially” since its peak in 2022, as higher interest rates...

Retailers welcome cash rate relief

The Reserve Bank of Australia (RBA) has left the cash rate target unchanged at 4.35%. This has been welcomed by the Australian Retailers Association (ARA). ARA Chief Industry Affairs Officer Fleur Brown says retailers...

Interest rates on hold again

The Reserve Bank of Australia (RBA) has left the cash rate target unchanged at 4.35%. According to the central bank, inflation continues to moderate but remains high. “The headline monthly CPI indicator was steady...

Coles sales rise, profits drop

Coles has released its FY24 half-year results, with Group sales revenue rising by 6.8% to $22.2 billion and net profit falling 3.6% to $594 million. Supermarkets Supermarket revenue increased 4.9% to $19.8 billion....

Interest rates on hold

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...

Australian economy remains in ‘relatively good shape’, CBA

The Commonwealth Bank of Australia (CBA) believes the RBA’s efforts will slow the economy without pushing it into recession next year. “Looking ahead, 2024 will have more than its fair share of risks...

Regional small business health ‘poor’ as inflationary pressures mount

Small businesses outside of Australia’s capital cities are slated to be hit financially, according to new research from Prospa, with a third of respondents rating their overall business health in the current...

RBA raises interest rates to 4.35%

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...
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