#Rates
Analysts predict RBA will move rates
Analysts are increasingly confident the RBA will move rates for the first time since August 2016 on Tuesday in a bit to reignite stalling economic growth. The Reserve Bank cash rate could change for the first time in nearly three years this week with a cut to a new record low a real possibility after […]
Businesswomen who underpaid because minimum pay rates are “just crazy” fined $228,000
A $228,000 fine has been handed down to the operator of a travel services company for underpaying an employee because she thinks the requirement of minimum pay rates is “just crazy”.
Security guards allegedly underpaid $94,000
The Fair Work Ombudsman has begun taking legal action against a NSW security contractor for allegedly underpaying 14 security guards almost $94,000.
Aged care workers underpaid $4.8 million
Staff are to be back-paid $4.8 million after their overtime rates were underpaid for at least six years.
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.
What’s going on with lending interest rates?
We’re obsessed with interest rates in Australia, keeping a keen eye on RBA decisions and subsequent reactions from lenders. But just what’s going on with rates at the moment? MYOB’s Kristy Sheppard explains…
Reserve Bank keeps rates at 4.75%
The Reserve Bank has decided to leave the cash rate at 4.75%, announced RBA governor Glenn Stevens.