Reserve Bank

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Reserve Bank keeps cash rate on hold despite low demand for credit

3:41PM | Tuesday, 5 March 2013 |  The cash rate has been left unchanged at 3%, in line with economists’ predictions, although the Reserve Bank said the exchange rate remains “higher than might have been expected” while demand for credit is low.

Small business set to benefit from revised Code of Banking Practice

2:09PM | Friday, 1 February 2013 |  Banks will need to give at least 10 days’ notice before making any materially adverse changes to small business customers’ terms and conditions, as part of the revised Code of Banking Practice.

RBA cuts cash rate to 3% as consumer spending stalls

12:41PM | Tuesday, 4 December 2012 |  The Reserve Bank has cut the cash rate by 25 basis points to 3% on the back of flat retail sales for the month of October.

THE NEWS WRAP: RBA tipped to provide a pre-Christmas interest rate cut

12:17AM | Tuesday, 4 December 2012 |  The Reserve Bank of Australia has been widely tipped by economists to provide a pre-Christmas interest rate cut today, amid continued concerns about the strength of the economy.

Businesses tip higher profits, but conditions still patchy: Study

12:00AM | Tuesday, 4 December 2012 |  Businesses will end the year on a reasonably positive note, according to Dun & Bradstreet’s latest National Business Expectations Survey, but the outlook for 2013 is mixed, with rising profit levels but a “patchy” employment market.

Business conditions plummet to GFC levels: Report

11:25PM | Tuesday, 13 November 2012 |  Business conditions have fallen to their weakest level in more than three years, according to NAB’s Monthly Business Survey, which suggests a February interest rate cut is “on the cards”.

No Cup day cut as interest rates hold at 3.25%

11:39PM | Tuesday, 6 November 2012 |  The Reserve Bank has confounded expectations by leaving the cash rate unchanged at 3.25%, despite widespread predictions of a 25 basis point cut, and an appeal from Westpac chief Gail Kelly to help lift flagging consumer sentiment.

Reserve Bank cuts cash rate to 3.25% as 2013 outlook weakens

10:03PM | Tuesday, 2 October 2012 |  The Reserve Bank has lowered the official interest rate by 25 basis points, admitting the growth outlook for next year looks “a little weaker” on the back of international developments.

Interest rates left on hold for third straight month

9:42PM | Tuesday, 4 September 2012 |  Interest rates have remained on hold for the third consecutive month, with the Reserve Bank board attributing the decision to “quite firm” consumption growth and low unemployment.

Eftpos hits out at Visa, Mastercard over payment processing

8:19PM | Monday, 20 August 2012 |  Eftpos Australia has applauded a move by the RBA Payments System Board, which has raised concerns about multi-network debit cards, and is calling for a voluntary agreement on the issue.
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