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...
Retailers have accused the Reserve Bank of Australia Board of moving too quickly to increase interest rates on 7 June, saying the “heavy-handed” approach has not allowed time for last month’s increase...
Retail bodies have welcomed the Reserve Bank of Australia (RBA) decision to drop the official cash rate by a quarter of a per cent to a historic low of 1.75 per cent.
ARA...
