Tag: Reserve Bank of Australia

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’....

Shoppers vote with their feet over card restrictions

Australian businesses could be losing up to 56 per cent of customers due to minimum spends or not accepting card as a payment method. A study commissioned by Mastercard revealed that four in...
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