Articles with tag reserve-bank-of-australia

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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 »

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 »

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 »

Visa sets new surcharge standards

New credit card surcharges have come into effect, which limit retailer surcharging when customers pay with a Visa credit card, both in-store and online.

Posted Mon 18/03/2013 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 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 »

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 »

RBA bans excess card payment surcharges

The Reserve Bank of Australia has made a decision to ban excess surcharges, which means merchants can no longer impose surcharges on customers making card payments in-store.

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

Slight improvement in retail sentiment

The latest survey of retail centre managers conducted by Jones Lang LaSalle points to a slight improvement in sentiment across 89 retail centres, following the interest rate cut 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 leaves rate on hold

The Reserve Bank of Australia announced it would keep the official cash rate on hold at 4.25 per cent, stating its position on monetary policy remains unchanged.

Posted Wed 04/04/2012 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 »

Retailers left out in the cold

Retailers’ hopes were left shattered when the Reserve Bank announced it was keeping the cash rate at 4.25 per cent but now there are expectations that the RBA will provide an interest rate cut next month.

Posted Wed 08/02/2012 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 »

RBA delivers present to retailers

The RBA has decided to lower the cash rate by another 0.25 per cent down to 4.25 per cent, which is expected to boost Christmas retailing this year.

Posted Tue 06/12/2011 12:00:00 / Read More »

RBA drops cash rate by 0.25%

The RBA has come to retailers' rescue in time for the most important retail trading period of the year after announcing a 0.25 per cent reduction in the cash rate.

Posted Wed 02/11/2011 12:00:00 / Read More »

Cash rate left unchanged

The RBA has decided to leave the cash rate at a steady 4.75 per cent.

Posted Tue 04/10/2011 12:00:00 / Read More »

Call for cut to cash rate dismissed

The cries of retailers to cut interest rates have been left unheard as the RBA has decided to leave it unchanged at 4.75 per cent.

Posted Tue 06/09/2011 12:00:00 / Read More »

Retail trade figures bounce 0.5%

It appears that consumers are spending again as the Australian retail trade turnover rose 0.5 per cent in July 2011, following a 0.1 per cent fall in the previous month.

Posted Thu 01/09/2011 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 »

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 »

No rate rise means happy retailers

There’s a sigh of relief among Australian retailers as the Reserve Bank of Australia has decided to hold the cash rate unchanged at 4.75 per cent.

Posted Tue 07/06/2011 12:00:00 / Read More »

Cash rate held for the fifth time

his news has been welcomed by both the ARA and the NRA that have suggested keeping the cash rate stable for retailers as to continue their recovery.

Posted Thu 05/05/2011 12:00:00 / Read More »

Cash rate stable, retailers welcome results

The Reserve Bank of Australia has confirmed that the interest rate will remain unchanged at 4.75 per cent where it has been since last November.

Posted Wed 06/04/2011 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 »

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