Australians will feel the impact of the upcoming new credit card interchange regulations — we’re a nation of points junkies with 11 million Qantas Frequent Flyers * alone. But while everyone’s thinking about how the reverberations of these changes affect consumers, it’s easy to forget that new interchange rates raise a number of big questions […]
In May, this year, the Reserve Bank of Australia released a new surcharging standard, which introduced a ban on excessive surcharges. The ban, which is being enforced by the Australian Competition and Consumer Commission (ACCC), commenced for large retailers this month but all other merchants have until 1 September 2017 to comply with it. Dynamic […]
The Reserve Bank of Australia has left the cash rate unchanged at 2 per cent for September. This will be the fourth consecutive month the rate has remained unchanged. RBA Governor, Glen Stevens said “the economy is likely to be operating with a degree of spare capacity for some time yet, with domestic inflationary pressures […]
Consumer confidence has strengthened following the Reserve Bank of Australia’s decision to cut the cash rate to a record low of 2.0 per cent.
The Reserve Bank of Australia has today cut the cash rate by 25 basis points to 2.0 per cent, a record low that comes one week away from this year’s delivery of the Federal Budget.
The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 2.25 per cent, while suggesting “further easing of policy” may be needed in the coming months.
The Reserve Bank of Australia (RBA) has lowered the cash rate to 2.25 per cent, effective from today.
Businesses must adapt to the decline of the cash-based economy with more customers increasingly preferring electronic transactions to simple cash payments. Similarly, cheque payments are also on a quick decline with their use dropping 13.3 per cent in 2013 as compared to 12.5 per cent in 2012. This represents a drop of 224 million cheques […]
Businesses must adapt to the new wave of so-called “digital disruption” sweeping the economic landscape or risk extinction. This is the dire warning from senior Reserve Bank of Australia official, Sarv Girn, who warns that ignoring the pace of technological change is a sure pathway to dwindling profits and declining market share. Mr Girn, the […]
The Reserve Bank of Australia (RBA) has left the record-low cash rate unchanged at 2.73 per cent following its monthly meeting today – what does it mean for you and your business?
