Tags Reserve Bank

Tag: Reserve Bank

Cash rate set to hold at 0.75% until Feb

The economy may be in need of festive cheer but the Reserve Bank board is not expected to lower the cash rate from its...

Speculative demand driving up prices of digital currency but use as a payment remains limited

The use of digital currency for payments "remains relatively limited" while cash will continue to play an important role in society despite it's declining use,...

Excessive payment surcharge ban now in effect; consumer advocate encourages no surcharges

All businesses across Australia are now banned from hitting customers with excessive surcharges for using certain types of EFTPOS, Mastercard, Visa and American Express...

New interchange fee regs: is your business credit card still rewarding your spending?

There has been a lot of talk about changes to credit card rewards programs in 2017. You might even have received a notification from...

Change afoot for credit card interchange: what the new rates mean for small business

Australians will feel the impact of the upcoming new credit card interchange regulations — we’re a nation of points junkies with 11 million Qantas...

Credit card fee changes could devalue reward schemes used by SMEs, warns American Express

New card payment regulations, which commence mid-year, could impact how SMEs conduct business but a majority have a limited understanding of the changes, American...

Unemployment level drops, May RBA cut in doubt

Approximately 37,700 more Australians entered the Labour Force in March, decreasing the nation’s estimated seasonally adjusted unemployment rate to 6.1 per cent.

Unemployment rises to 12-year high

Australia’s unemployment level has jumped to its highest point in twelve years, climbing another 0.3 per cent from December’s employment rate.

RBA leaves cash rate unchanged

The Reserve Bank has again left the official cash rate on hold at 3.5 percent, citing on trend inflation and growth as well as a rise in the number of businesses applying for credit.

Banks drag the chain on business rate cuts

When the Reserve Bank cut interest rates, home owners arm-wrestled the banks into passing on the cut. But, as Rohan Gamble finds, small businesses aren't as lucky: "Small businesses aren’t just missing out on full rate cuts, business lenders are taking almost double the amount of time to implement the rate reductions."

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Why is Australia seeing fewer female CEOs?

Fewer women are running the country’s top 200 ASX-listed companies in 2020 compared to the last four years, according to the Chief...

Coronanomics – What we’ve learnt about the economics of COVID-19

If trade bought prosperity to all corners of the world, then COVID-19 is showing the dark side of an interdependent world.

Should you incorporate an AI strategy into your business?

With both government and companies eagerly adopting artificial intelligence (AI) strategies, we explore how AI could also streamline and scale your business....

‘A 10,000 per cent increase in page views in 2 weeks’: how to scale up in a crisis

As a telehealth provider, Coviu experienced a sudden surge in customer demand during the pandemic. Their website saw a 10,000 per cent...

Unemployment rate drops, defying forecasts

Official ABS figures released today show that the unemployment rate has fallen to 6.8 per cent in August, down from 7.5 per...

Qantas disrupts financial services industry with SME business loans

Qantas will start referring business frequent flyers to lending platform Valiant Finance. This partnership helps Qantas members access working capital, asset finance...

Employees willing to salary sacrifice for flexible working: Research

Research from payroll and HR software solutions provider, Ascender, shows that more than one in three (37 per cent) of Australians are...

Let’s Talk: The Right Reasons

A strong story behind a business's inception can have a powerful effect on customers. Customers may identify with a founder's back story...