Tag: interest rates

RBA keeps interest rates at 4.35%

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 the peak in 2022, as higher interest rates have...

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...

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...

Household spending drops in December

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...

Household spending rises in November

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...

Household spending drops in October

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...
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