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...
The Reserve Bank of Australia (RBA) has left interest rates on hold for the fourth consecutive month, with its cash rate target remaining at 4.1%.
RBA Governor Michele Bullock says the higher interest...
The monthly CommBank Household Spending Insights Index rose 0.7% to 137.0 in August.
This was led by increased education spending by international university students, higher transport spending due to increased petrol prices and...
Australians continued to “tighten their belts” in July, according to a new Commonwealth Bank of Australia (CBA) report, with spending growth declining nationally to just 1.3% in the year to July.
The monthly CommBank...
The Reserve Bank of Australia (RBA) has left interest rates on hold, with its cash rate target remaining at 4.1%.
This follows last month’s pause after interest rates had been increased by 4 percentage...
Australian retail turnover rose 0.4% in March 2023, according to figures released by the Australian Bureau of Statistics (ABS). This follows a 0.2% rise in February.
Year on year, retail sales recorded 5.4%...
To the relief of Australians struggling with cost-of-living pressures, the Reserve Bank of Australia (RBA) decided to halt its record-breaking run of interest rate hikes, conceding to signs that both inflation and...
Retail sales continued to strengthen in October with sales increasing 12.9% in October compared to the same time last year, according to Mastercard SpendingPulse. Sales were also up 28.2% on pre-pandemic levels.
All retail...
