Posts tagged "interest rate"

With all signs pointing to an economic cool-down and further drops in consumer spending, the June rate hike is likely to rattle SMEs running out of expenses to cut.

Asking for payment extensions. Pausing ad campaigns. Slashing graphic design projects. In the face of surging interest rates, entrepreneurs are making drastic decisions to cope with the new cost of their loan repayments.

The Reserve Bank of Australia today lifted the cash rate target 0.25% to 2.6%, undercutting market predictions of a sharper 0.5% hike and signalling a slowdown of the central bank's inflation-busting strategy.

Recent findings suggest the average outstanding invoice is now repaid in 38 days, compared to 31 days in January.

The Reserve Bank of Australia hiked the cash rate target 0.5% on Tuesday, matching market expectations as the central bank battles inflation.

There is no guarantee America will lean into a recession, the nation's Treasury Secretary Janet Yellen says, as spiking inflation and dwindling consumer confidence stoke fears of a broad-scale downturn.

It’d be wrong to interpret the Reserve Bank's decision to cut its cash rate to 0.10% as an emergency response to the COVID-19 crisis.

The RBA has slashed the official interest rate to a record low of 0.1% and eased other monetary policy to boost the national economy.

The big banks are copping a hiding from the Treasurer this morning and small businesses, seeing an opportunity, are cashing in.

Aussie business owners say they're feeling the pinch as software costs increase due to the falling Australian dollar.

Despite allegations of fraud, strong-arming and abuses of power, Australia's big four banks say SME lending framework is broadly appropriate.

We need to "enshrine Justice Hayne’s six commandments in every bank’s code of conduct and make any breach to that code criminal."