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.
The recovery in economy-wide spending appears to have consolidated as business sales remain positive, according to the latest Commonwealth Bank Business Sales Indicator (BSI).
Despite global financial volatility, local businesses are feeling optimistic as they look towards implementing more efficient cost-cutting measures.
The Reserve Bank of Australia has held the official interest rate for the third consecutive month, citing close to trend growth, inflation and lending rates.
Growth is a continual driver for business owners, but how are you supposed to know when and what to grow and what will work best for you?
Consumer confidence fell by five percent in March, as Australians worry about rising interest rates and falling employment levels.
Businesses have welcomed news of a surprise jump in consumer sentiment, as the number of optimists outweighs the number of pessimists for the first time in some months.
Thanks to the strength of the Australian dollar, Sydney has been named the seventh most expensive city in the world to live in, closely followed by Melbourne, which took out the eighth spot
Even with continuing reports of poor economic conditions, the majority of Australians would be prepared to change jobs if an opportunity arose to do so, a survey has found.
