Reserve Bank of Australia
Reserve Bank of Australia articles. Read the latest news, information and feature articles on Reserve Bank of Australia
-
Personal loans on the rise as consumers shy away from credit cards
Consumer credit demand fell by 1.4% for the September quarter, according to consumer data intelligence company Veda, as Australian consumers maintain ... Read More -
Retail sales fall flat in September: Report
Retail sales remained stubbornly sluggish in September, with particular weakness in the trade services and homeware markets, according to new ANZ figu... Read More -
THE NEWS WRAP: Former Victorian commissioner gets nod as first federal small business commissioner
Mark Brennan has been named the first federal small business commissioner, according to a report. Read More -
THE NEWS WRAP: Australia overtakes ailing Spain to become 12th largest economy in the world
Australia has overtaken Spain to become the 12th largest economy in the world, a result that Federal Treasurer Wayne Swan has hailed as a “remarkable ... Read More -
THE NEWS WRAP: ACTU calls for tax on “super profitable” businesses
The ACTU is calling for the Federal Government to introduce a new ‘super profits’ tax on Australia’s booming businesses, according to a report. Read More -
Banks lag on passing interest rate cuts to start-ups
Home owners may have breathed a sigh of relief this past weekend after three of the major banks passed on a rate cut last Friday, but business owners ... Read More -
THE NEWS WRAP: Trade deficit blows out to $2 billion
Australia’s trade deficit has topped $2 billion, the worst result since March 2008, with falling prices and the strong Australian dollar blamed for th... Read More -
THE NEWS WRAP: Samsung adds iPhone 5 sync claim to lawsuit against Apple
Samsung has added the iPhone 5 to its US patent lawsuit against Apple, claiming that its tech rival infringed eight of its patented innovations in ord... Read More -
Reserve Bank cuts cash rate to 3.25% as 2013 outlook weakens
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 ... Read More -
THE NEWS WRAP: Economists say rate cut to come but not just yet
Economists have predicted that the Reserve Bank of Australia will keep interest rates on hold today, although a cut is anticipated before the end of 2... Read More -
THE NEWS WRAP: Woolworths CEO urges RBA to cut rates to spur consumer spending
The CEO of Woolworths has called on the Reserve Bank of Australia to cut interest rates to boost consumer confidence, ahead of an RBA meeting on the t... Read More -
Interest rates left on hold for third straight month
Interest rates have remained on hold for the third consecutive month, with the Reserve Bank board attributing the decision to “quite firm” consumption... Read More -
THE NEWS WRAP: Economists tip RBA to keep rates on hold for third month straight
The Reserve Bank of Australia is expected today to keep interest rates on hold at 3.5%, for the third month in a row. Read More -
THE NEWS WRAP: Big banks accused of milking business fees
The major Australian banks have been accused of rapidly escalating fees for their business customers, after new figures showed businesses paid $7.3 bi... Read More -
Business applauds RBA for cutting interest rates by 25 basis points
The Reserve Bank of Australia has cut interest rates by 25 basis points to 3.5%, citing “modest” growth in Australia and “weakening” conditions intern... Read More -
THE NEWS WRAP: Westpac expects further interest rate cuts
Westpac has said that it expects the Reserve Bank of Australia to further trim interest rates when it convenes tomorrow, with rates anticipated to dro... Read More -
THE NEWS WRAP: Reserve Bank fuels interest rate cut speculation
The Reserve Bank of Australia has stoked hopes of a further interest rate cut by stressing that inflation must be kept low and that non-mining busines... Read More -
THE NEWS WRAP: Ridout hits out at Greens’ “ideological” stance
New Reserve Bank of Australia board member Heather Ridout has accused the Greens of having a “hard-nosed, ideological stance” that threatens investmen... Read More -
Consumer sentiment hits record low amid calls for rate cut
Consumer sentiment is at its lowest level since August last year, according to the Westpac-Melbourne Institute of Consumer Sentiment, which recorded a... Read More -
Interest rates unchanged despite calls for cut
The Reserve Bank has kept the official interest rate unchanged at 4.25%, despite calls for it to be cut, saying the decision was appropriate in light ... Read More
