Slowing growth brings about rate cut
The Reserve Bank of Australia cut the official cash by 25 basis points today, citing slowing economic and credit growth as two of the key drivers behind its decision.
The Reserve Bank of Australia cut the official cash by 25 basis points today, citing slowing economic and credit growth as two of the key drivers behind its decision.
National Broadband Network (NBN) has released the first of a series of enhancements to help businesses make the most of high speed internet.
Economy-wide spending enjoyed a solid gain in June, according to the latest Commonwealth Bank Business Sales Indicator (BSI), suggesting consumers are slowly becoming less tentative about parting with their cash.
Employment optimism is dwindling as are local job prospects, as a new survey reveals a decline in the number of businesses looking to hire employees for the next quarter.
Despite business confidence continuing to fall as a result of weak consumer spending, half of SMBs remain optimistic about their ability to ride out the tough times, a new report has found.
Spending rose across the economy in April, according to the latest Commonwealth Bank Business Sales Indicator (BSI), though it appears business sales growth may be slowing as a result of declining consumer confidence.
Female SMB owners are feeling more positive about being in business than their male counterparts and are driving the uptake of social media for business, according to new research.
Ongoing economic uncertainty caused business confidence to fall nearly ten points in February, to 108.9, after six consecutive months of rises to January 2012.
The National Australia Bank and the Commonwealth Bank are the first of the Big Four banks to reduce their standard variable interest rates following Tuesday’s official rate cut by the Reserve Bank, with both failing to pass on the full amount.
Business expectations have slid this quarter, as interest rate worries and ongoing pressure from the strong Australian dollar weighs on local SMBs.