Tag: Reserve Bank of Australia

RBA increases cash rate for June

By CreditorWatch Chief Economist Anneke Thompson. Despite clear signs that the Australian economy is well and truly into its necessary slowdown, the Reserve Bank of Australia (RBA) today increased the cash rate further,...

May 2023 cash rate increased

By CreditorWatch Chief Economist Anneke Thompson. The Reserve Bank of Australia (RBA) continues to be concerned about services inflation, and has increased the cash rate further in order to strip more demand...

RBA rate pause provides relief to businesses

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...

RBA cash rate update

By CreditorWatch Chief Economist Anneke Thompson. Despite clear signs that the brakes are being slammed on the Australian economy, the Reserve Bank of Australia (RBA) once again chose to increase the cash rate...

High transaction fees hurting retailers and consumers, NRA

The National Retail Association (NRA) is calling for action to cease unnecessarily high debit card transaction fees being passed on to consumers. In light of the Reserve Bank of Australia (RBA) releasing the...

Increase in interest rates ‘will be the end for many small businesses’

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...

RBA inaction on merchant fees risks higher business costs

By Australasian Convenience and Petroleum Marketers Association (ACAPMA) CEO Mark McKenzie. In late 2017, ACAPMA began to receive inquiries from members about the rising cost of merchant fees (i.e. the charges levied...

RBA backs Ombudsman over ‘funding gap’ for SMEs

The Reserve Bank of Australia (RBA) has followed the Ombudsman in highlighting the absence of “entrepreneurial finance” for Aussie start-ups. The finding comes from the RBA’s latest bulletin, ‘Access to Small Business Finance’....
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