RBA - The Reserve Bank of Australia

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Consumer sentiment falls amidst floods

1:29PM | Wednesday, 19 January 2011 |  Consumer sentiment fell by 5.7% in January to 104.6 points as the Queensland floods start to take their toll on the economy.

Consumer confidence leaps despite flagging sales

1:18PM | Friday, 14 January 2011 |  Consumer confidence has risen to 124.3 points, its highest level since the RBA’s November interest rate rise.

Rates set to remain on hold as construction slows

1:02PM | Wednesday, 12 January 2011 |  Australia’s poor-performing construction industry and a fall in first-time homebuyers could prompt the Reserve Bank to keep interest rates on hold for the next few months.

Qld floods threaten GDP by 0.3%

1:56PM | Wednesday, 12 January 2011 |  The devastation of the Queensland floods has quashed earlier predictions of a minimal economic impact, with economists now fearing the floods could cut Australia’s GDP by as much as 0.3%.

Non-bank lenders set to target small businesses

1:20PM | Friday, 7 January 2011 |  The banning of mortgage exit fees has forced non-bank lenders to secure new sources of revenue and funding, with small businesses set to benefit.

THE NEWS WRAP: Wine grape growers demand higher price for their products

1:03AM | Thursday, 6 January 2011 |  Wine grape growers are demanding a higher price for their products amid fears that many could go out of business.

No guarantee on interest rates: Shorten

12:46PM | Monday, 20 December 2010 |  Assistant Treasurer Bill Shorten says there’s no guarantee interest rates will drop in light of the government’s banking reforms, contradicting Treasurer Wayne Swan.

THE NEWS WRAP: Kogan launches Tradeleaks site

12:16AM | Friday, 17 December 2010 |  Australian internet entrepreneur Ruslan Kogan has unveiled TradeLeaks.com, an ambitious whistle-blowing website designed to make retail and trade more transparent.

RBA keeps rates on hold at 4.75%

12:44PM | Tuesday, 7 December 2010 |  The Reserve Bank of Australia has decided to keep the cash interest rate at 4.75%, as widely predicted by economists.

THE NEWS WRAP: Ruslan Kogan goes head-to-head with Gerry Harvey over China-based website

12:06AM | Tuesday, 7 December 2010 |  Kogan says he will call the bluff of Harvey Norman and Myer over China-based websites.
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