Posts tagged "affect on interest rates on business"

If the Reserve Bank does push up interest rates again, the most likely next date is its next board meeting, on Melbourne Cup Tuesday.

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.

The decision to hike interest rates again after a month on pause has raised concerns the Reserve Bank could nudge the economy into a recession.

Unemployment has barely budged even as the central bankers do all they can to cool the economy.

The RBA has been relying on house prices falling to help reduce consumption and lower inflation. The bank has left itself the option to lift interest rates next time it meets, in early May.

The action your business should take in response to increasing interest rates depends on whether you have cash or debt.