Barbers “in shock” after RBA governor says haircuts contributing to inflation
Fresh commentary from Reserve Bank of Australia governor Michelle Bullock has one barbershop founder "in shock", after she suggested lower spending at hairdressers and salons could help the fight against inflation.
Why the RBA has kept interest rates on hold for now
The Reserve Bank decided to keep interest rates on hold at 4.1% because it thinks there’s a chance – just a chance – it has lifted them all it needs to.
RBA considers regulation to enforce least-cost routing access for merchants
The Reserve Bank has issued a new warning to banks that make it difficult for merchants to access cheap debit card transaction fees, saying it will consider regulation banning 'default' transaction routing.
How the federal budget may change the RBA’s view on interest rate hikes
The RBA’s latest forecasts now assume no further rate rises will be needed for inflation to fall back to the central bank’s 2-3% target range by mid-2025.
The ‘blockbuster’ review of the RBA by Jim Chalmers and what it means for its future
Chalmers offered in-principle agreement to all 51 of the panel’s recommendations and said he would be seeking support from the Opposition for any legislation needed to implement them.
RBA has paused interest rate hikes, for now. But is it enough?
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.
SMEs slogged with card transaction fees three times higher than big business, with least-cost routing yet to reach full potential
Australia's smallest businesses are saddled with card transaction fees triple that applied to major corporations and the take-up of cheaper options remains "disappointingly low", according to the Reserve Bank of Australia.
“What’s next on the chopping block?”: How Australian small businesses are reacting to the interest rate pressure
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.
Is the economy set to nosedive? Five takeaways from the RBA’s latest growth forecasts
The RBA's latest growth forecasts make for grim reading, especially after lifting interest rates for a record nine times in a row.
Cash rate hits 3.35% as RBA signals more hikes to come this year
The latest 0.25 percentage point rise adds $90 a month to a $600,000 variable mortgage.
Tap to the future: Government could crack down on payment companies making it harder for SMEs to access the cheapest fees
A new Treasury consultation paper puts the spotlight on least-cost routing: the system allowing small businesses to choose the cheapest payment system whenever a customer taps their card.
The RBA is mulling the possibility of an official digital currency, but would it actually work?
The RBA has some interesting things to say about the possibility of how digital currency could work as an official, central bank-issued part of Australia's financial system.
