#Interest Rate
Morrison: Interest rate cut up to RBA
Prime Minister Scott Morrison won’t be drawn on a possible interest rate cut by the Reserve Bank, saying any reduction is a decision for the independent central bank. Financial markets see an increased likelihood of a cut in the 1.5 per cent cash rate after inflation figures released this week showed the annual rate unexpectedly […]
A tale of two SMEs: what distinguishes a growing business from a declining one?
What are the attributes of an SME that is growing, and how do they differ from a business with static or declining revenue? [Related: SMEs trading banks for fintechs, poll suggests] Twice a year, when more than 1200 owners or leaders of SME businesses are interviewed for our SME Growth Index, one of the first questions […]
Ensuring cash flow during good times and bad
Monitoring cash flow should be your number one priority if you are a business owner. After all, cash is king. Part of this process involves having careful control of debtors. For anyone that has experienced periods of tight monetary control, you know how critical this is in tough times. Outlined below are key points on how to ensure […]
RBA announces interest rate cut
The RBA has announced an interest rate cut of 25 basis points, down to 3.0 percent, prior to Christmas.
RBA leaves interest rates on hold
The Reserve Bank of Australia (RBA) left interest rates on hold at 4.25 percent today, ending widespread speculation amongst analysts it would cut rates for the third month in a row.
Australia’s construction industry performing poorly: AIG/HIA
Australia’s construction industry continues to contract, with the latest AiG/HIA Australian Performance of Construction index at 43.2 for the month of August.
Services sector contracts for fourth consecutive month
The performance of the Australian services sector continues to be uninspiring, with political uncertainty surrounding Australia’s hung parliament impacting on demand in August.
New home sales slump to 18 month low: HIA
New home sales in Australia dived 7 percent to an 18 month low in July according to the latest Housing Industry Association report into new home sales, triggering calls for federal government action to save the sector.
Australian services sector on verge of collapse
Australia’s services sector continues to contract as the Federal Government’s fiscal stimulus dries up and the Reserve Bank’s interest rate increases impact the services sector.
New home sales slump to 17 month low: HIA
New home sales slumped to a 17 month low in June, adding further weight to the case for the Reserve Bank of Australia keeping interest rates on hold at their board meeting tomorrow.
RBA rate rise unlikely as PPI figures suggest low inflation
With the Australian Bureau of Statistics’ Producer Price Index figures coming in lower than expected, the chance of the Reserve Bank of Australia increasing interest rates in August has decreased with inflation likely to fall within the target 2-3 percent range tomorrow.
Services sector continues to suffer
The services sector continues to contract, with a fall in new orders and decreasing selling prices keeping the services sector in negative territory in the June Performance of Services Index.
Banks to slash loan discount rates due to politcal pressure
Australia’s banks may find themselves forced to cut discounts on home loan rates to avoid having to increase their standard variable home loan rates outside the RBA’s changes.
Housing construction to stall across Australia: Report
New housing construction is set to stall across Australia, with the brakes applied to the post-GFC recovery after a significant tightening of monetary policy by the Reserve Bank of Australia.
Business sentiment down as economic recovery slows
The June quarter 2010 ACCI-Westpac Survey of Industrial Trends showed a marked softening of manufacturers’ General Business Sentiment for the second half of 2010.
Rates rise triggers auction clearance rates collapse
Auction clearance rates have collapsed in three of Australia’s largest markets, after successive interest rate increases from the Reserve Bank. Listings were also down in Sydney, Melbourne and Adelaide.
Services sector finally recovers from slump
Australia’s services sector is showing its first signs of recovery despite increases in interest rates, with the AiG Performance of Services Index recording growth in April.
Is this the final interest rate increase from the RBA?
With the Reserve Bank increasing interest rates to 4.5 percent today, is this the last interest rate increase this year? Language in today’s official statement by Glenn Stevens suggests it might be.
Interest rates ‘almost normal’ – growth slowing: RBA
The Reserve Bank of Australia has signalled that its policy of aggressive interest rate changes over the past six months is nearing its end, with interest rates approaching ‘normal’ levels.
Services sector ‘almost in recession’ despite strong economy
Australia continues to struggle to manage its ‘two speed economy’ as the resource sector booms, while rising interest rates cripple the services sector.
Pensioners to be worse off under govt plan
Pensioners are likely to be worse off after the Government announced it would revise pension deeming rates upwards because of Australia’s strengthening economy.