RBA pauses interest rates at 4.1 per cent
The RBA has made the decision to pause interest rates at 4.1 per cent, after moving four percentage points since May last year.
RBA
RBA’s pause on rate rises welcomed by peak retail body
The Reserve Bank of Australia’s (RBA) decision to pause rate increases this month has been welcomed by the National Retail Association (NRA).
Interest rates hit 10-year high with more hikes expected
The Reserve Bank of Australia (RBA) has announced its ninth consecutive interest rate rise, increasing the cash rate target to 3.35 per cent.
RBA caution banks on ‘tap and go’ routing
The Reserve Bank of Australia has called on banks to make least-cost-routing services more widely available to small businesses. In her keynote address at the Morgan Stanley Disruption Evolved webcast yesterday, the RBA’s Assistant Governor (Financial Systems) Michelle Bullock said payment patterns had seen large and sudden shifts since the onset of COVID-19. Signalling the …
Ombudsman calls for more small business support for Covid-19 hit
As the economic fall out from Covid-19 continues to hit small businesses particularly hard, key figures are calling for more support. Australian Small Business and Family Enterprise Ombudsman Kate Carnell has called on Scott Morrison to ask for additional measures, including for the estimated 1.4 sole traders operating in Australia. It comes as businesses continue …
Ombudsman calls for more small business support for Covid-19 hit Read More »
AACS back calls for least-cost routing
The Australasian Association of Convenience Stores (AACS) have backed calls from major retail associations for the Reserve Bank to mandate least-cost routing for merchants. C&I Magazine reported last week that ACAPMA, ARA, COSBOA and MGA had formed the Fairer Merchant Fees Alliance to push for the RBA to reduce merchant fees for ‘tap and go’ …
Reserve Bank release $50 note design
The Reserve Bank of Australia has revealed the design of the new $50 note, following the release of the newly designed $5 and $10 notes in 2016 and 2017.
Retailers urged to prepare for excessive surcharge ban
Small businesses are reminded to prepare for a ban on excessive card transaction surcharges, due to come into effect in September this year.
Australia’s new $5 banknote enters circulation
New $5 banknote incorporates range of security features and tactile design for vision impaired.
RBA card payments reforms step in the right direction but still a way to go, says retail industry
New card payment provisions by Reserve Bank of Australia Payments Systems Board to come into effect for small businesses from September 1, 2017.