Articles with tag reserve-bank

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Christmas cheer deflated by cash rate hold

Did retailers celebrate too earlier? Maybe. Or so that’s what many have said following the Reserve Bank's decision to leave the cash rate unchanged at 2.5 per cent.

Posted Wed 06/11/2013 12:00:00 / Read More »

RBA governor Glenn Stevens sees overall sentiment lifting

There is evidence the economy is starting to pick up, according to the Reserve Bank of Australia governor Glenn Stevens who spoke at Citi's 5th Annual Australian and New Zealand Investment Conference in Sydney on Monday.

Posted Tue 29/10/2013 12:00:00 / Read More »

Reserve Bank leaves cash rate unchanged but retailers want more support

The Reserve Bank of Australia has decided to leave the cash rate unchanged at 2.5 per cent, following rumours that no one should bank on a rate change this month.

Posted Wed 02/10/2013 12:00:00 / Read More »

Interest rate remains unchanged

As expected by many retailers, the Reserve Bank has decided to leave the cash rate unchanged at 2.5 per cent.

Posted Tue 03/09/2013 12:00:00 / Read More »

RBA extends payment network selection to include eftpos

Reserve Bank of Australia together with Australia's three major debit card networks - eftpos, MasterCard and Visa - have come to a voluntary agreement over dual-network debit cards.

Posted Fri 23/08/2013 12:00:00 / Read More »

Consumers pay more with credit and debit than cash

The latest Reserve Bank statistics indicates the country is on its way to becoming a cashless society as consumers spend three times as much on their credit and debit cards as they are withdrawing cash.

Posted Fri 16/08/2013 12:00:00 / Read More »

Consumer respond positively to rate cut

The Reserve Banks' latest decision to reduce the cash rate by another 0.25 per cent earlier this month has helped lift consumer sentiment for August.

Posted Wed 14/08/2013 12:00:00 / Read More »

Interest rate cut provides boost for the retail sector

Retailers have let out a sigh of relief after the Reserve Bank decided to slash the cash rate by another 0.25 per cent.

Posted Tue 06/08/2013 12:00:00 / Read More »

Consumer Price Index rises leaving room for rate cut

The Consumer Price Index rose 0.4 per cent in the June quarter 2013, compared with a rise of 0.4 per cent in March quarter 2013, indicating there’s room to keep pressure off retailers.

Posted Thu 25/07/2013 12:00:00 / Read More »

Unchanged cash rate leaves retailers frustrated

The Reserve Bank's decision to hold interest rates have left many retailers frustrated as they continue to face excessive rises in business costs.

Posted Tue 02/07/2013 12:00:00 / Read More »

Cash rate stays at 2.75%

While retailers have been urging the Reserve Bank to drop the cash rate further to help ease increasing pressures, the Board has decided to leave it unchanged.

Posted Tue 04/06/2013 12:00:00 / Read More »

Retailers relieved by rate cute

After holding off on many anticipated rate cuts, the Reserve Bank has finally made the decision to lower the cash rate by 0.25 per cent to 2.75 per cent.

Posted Tue 07/05/2013 12:00:00 / Read More »

Retailers demand for interest rate cuts

Retailers are pleading for another interest rate cut to 2.5 per cent when the Reserve Bank of Australia meets in May.

Posted Mon 29/04/2013 12:00:00 / Read More »

Cash rate unchanged

The Reserve Bank has decided to keep the cash rate steady at 3 per cent.

Posted Tue 02/04/2013 12:00:00 / Read More »

RBA holds cash rate leaving retailers mixed

Retailers have mixed feelings about the Reserve Bank’s decision to leave the cash rate unchanged at 3 per cent.

Posted Tue 05/02/2013 12:00:00 / Read More »

More reason for RBA to cut rates

The ARA continues to urge for the Reserve Bank of Australia to cut rates when they meet in February.

Posted Tue 15/01/2013 12:00:00 / Read More »

More interest cuts needed

The retail industry continues to call for the Reserve Bank to lower interest rates.

Posted Fri 04/01/2013 12:00:00 / Read More »

RBA makes final rate cut for 2012

The Reserve Bank has brought Christmas cheers for retailers by reducing the cash rate by another 0.25 per cent to 3 per cent.

Posted Tue 04/12/2012 12:00:00 / Read More »

RBA holds cash rate

As the nation stopped to watch the Melbourne Cup race, retailers held to their breaths for the Reserve Bank's decision on the cash rate.

Posted Wed 07/11/2012 12:00:00 / Read More »

A cautious Christmas

Customers are expected to remain cautious in the lead up to Christmas, with non-essential spending expected to fall as consumer concern about financial security rises.

Posted Mon 15/10/2012 12:00:00 / Read More »

Consumer sentiment for October disappoints

Consumer sentiment only increased a slight 1 per cent in October from 98.2 in September to 99.2 in October, according to the Westpac Melbourne Institute Index of Consumer Sentiment.

Posted Thu 11/10/2012 12:00:00 / Read More »

Retailers relieved with RBA's rate cut

Retailers have welcomed the Reserve Bank’s decision to cut interest rates by a further 25 basis points down to 3.25 per cent.

Posted Tue 02/10/2012 12:00:00 / Read More »

Retailers upset by RBA's cash rate decision

Retailers have criticised the Reserve Bank's decision to leave the cash rate unchanged at 3.50 per cent as it is only a reflection of sectors that are performing well - retail not being one of them.

Posted Tue 04/09/2012 12:00:00 / Read More »

Cash rate remains unchanged

As predicted by most analysts, the Reserve Bank has left the cash rate at 3.5 per cent.

Posted Tue 07/08/2012 12:00:00 / Read More »

Consumer sentiment on the rise

The latest Westpac Melbourne Institute Index of Consumer Sentiment increased in June to 95.6, a 0.3 per cent increase from 95.3 in May.

Posted Thu 14/06/2012 12:00:00 / Read More »

RBA lowers cash rate again

The Reserve Bank has decided to lower the cash rate by another 25 basis points to 3.5 per cent.

Posted Tue 05/06/2012 12:00:00 / Read More »

Consumers choose debit over credit

Australia is increasingly becoming a cashless society with debit card usage doubling more than credit cards, indicating consumers prefer to shop with their own money, new figures reveal.

Posted Fri 18/05/2012 12:00:00 / Read More »

RBA cuts cash rate by 0.5%

Retailers will be left smiling after the Reserve Bank reduced the cash rate by 50 basis points to 3.75 per cent - the biggest cut made since February 2009.

Posted Tue 01/05/2012 12:00:00 / Read More »

Time for interest rate cuts as CPI rises

There's no more excuse for the Reserve Bank to not cut interest rates in May or June after the Australian Bureau of Statistics announced an increase in the Consumer Price Index by 0.1 per cent.

Posted Thu 26/04/2012 12:00:00 / Read More »

RBA keeps cash rate at 4.25%

Glenn Stevens, RBA governor, said recent information about the global and local economy is consistent with the Reserve Banks’ expectations, resulting in their decision to leave the cash rate.

Posted Tue 06/03/2012 12:00:00 / Read More »

Payment glitches to be fixed: RBA

The RBA and the Australian Prudential Regulation Authority are considering "strengthening the handling of any future disruptions”.

Posted Tue 21/02/2012 12:00:00 / Read More »

Cash rate on hold at 4.25%

While there were speculations that the Reserve Bank would cut the cash rate following two previous drops in November and December, its been left unchanged at 4.25 per cent.

Posted Tue 07/02/2012 12:00:00 / Read More »

RBA to cap merchant fees

The decision comes following the RBA initiating a public consultation in June on potential changes to the standards relating to merchant surcharging.

Posted Tue 20/12/2011 12:00:00 / Read More »

Rate cut still leaves consumers nervous

Despite the second rate cut from the Reserve Bank, consumer sentiment has fallen by 8.3 per cent in December from 103.4 in November to 94.7.

Posted Wed 14/12/2011 12:00:00 / Read More »

RBA holds rate at 4.75%

Both the NRA and the ARA have described the news as an extra break the sector needs to continue the recovery after a soft couple of years and a disastrous few months.

Posted Wed 03/08/2011 12:00:00 / Read More »

Consumer confidence down, sparked by personal finance fears

Consumer sentiment has dropped to its lowest level in two years, the Westpac-Melbourne Institute Index revealed today.

Posted Wed 15/06/2011 12:00:00 / Read More »

RBA to review credit card surcharges

David Masters, MasterCard’s vice president of strategy and corporate affairs, welcomed the news saying the review could mean consumers would be better protected for excessive surcharging by merchants.

Posted Fri 10/06/2011 12:00:00 / Read More »

It's card over cash, RBA says

This is what the RBA found during its initial consultations for its strategic review of the payments innovation, which is due for release mid-year.

Posted Thu 31/03/2011 12:00:00 / Read More »

Talks for a level playing field for eftpos

In a recent meeting, the Payments System Board of the RBA discussed date reporting requirements imposed by international card schemes on some transactions through the eftpos system, and brand fees imposed by one scheme on those transactions.

Posted Mon 28/02/2011 12:00:00 / Read More »

Retailers on banks' watch list

This was highlighted as part of the RBA’s submission to a federal parliamentary inquiry into small and medium business access to finance.

Posted Thu 10/02/2011 12:00:00 / Read More »

Online shopping on the rise

The RBA said that the number of inbound postal items delivered through the Australia Post network suggests there's been a growth in online purchases from overseas.

Posted Mon 07/02/2011 12:00:00 / Read More »

Uneasy outlook for Christmas

The RBA has decided to raise the cash rate by 0.25 per cent to 4.75 per cent just before the Christmas trading period begins.

Posted Wed 03/11/2010 12:00:00 / Read More »

Banks need to hold off rate rise

The speculation and the uncertainty of rate rises can have a negative impact on retailers, NRA executive director Gary Black said.

Posted Wed 06/10/2010 12:00:00 / Read More »

Stronger dollar, cheaper goods

Over the last few weeks the Australian dollar has been steadily increasing following the country's recovery of the global financial crisis.

Posted Thu 30/09/2010 12:00:00 / Read More »

Retailers demand a straight answer

Despite the Reserve Bank Australia's (RBA) earlier announcement this week that it will not be increasing interest rates, there is still a lot of uncertainty.

Posted Thu 09/09/2010 12:00:00 / Read More »

RBA lifts official interest rates

According to the Australian National Retailers Association, this rate rise has the potential to subdue the already weak growth in the retail sector and may damage the confidence of consumers in the lead up to Christmas.

Posted Thu 05/11/2009 12:00:00 / Read More »

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