Tag: RBA

RBA rate cut

The Reserve Bank of Australia (RBA) has cut the cash rate by 25 basis points to a record-low 1.5 per cent. RBA Governor Glenn Stevens said in a statement the decision took into...

Preparing for new $5 note arrival in September

ARA Executive Director Russell Zimmerman is reminding retailers to prepare for the release of the new $5 note from the Reserve Bank of Australia. The note will be issued into circulation from September...

New standards for payment surcharges

Following the conclusion of its review into card payment regulation this week, the RBA announced three new standards which it says will contribute to a “more efficient and competitive” payments system. The new...

Interest rate cut provides relief for retailers

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...

New $5 banknote to circulate from September 1

The Reserve Bank of Australia has released images of the new $5 banknote, which incorporates key aspects of the existing design with new features. For ease of recognition and to minimise the disruption...

ARA calls for penalty rate reductions and card consistency

The Australian Retailers Association (ARA) is confident the evidence it has presented to the Fair Work Commission will see a reduction in Sunday penalty rates in the retail sector. The ARA and the...

RBA takes stance on card payments and surcharges

Retailers will see a reduction in their cost of doing business should the new standards for Australian card payment systems proposed by the Reserve Bank of Australia this week be approved. Surcharging frameworks...

RBA drops interest rate to historic low

The retail industry has welcomed the Reserve Bank of Australia's (RBA) decision to cut interest rates by 25 basis points to a historic low of two per cent this week. NRA CEO Trevor...
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