-->

CreditorWatch Blog

Economic Update RBA keeps interest rates on hold

Economic Update RBA keeps interest rates on hold

Reading Time: 2 minutes Commenting on the RBA’s decision to hold interest rates today, Creditorwatch Chief Economist Harley Dale said: We have seen tentative signs of re-emerging inflationary pressures, albeit heavily influenced at this stage by COVID-related pressures. Bond yields are rising, and the Aussie dollar has recovered some ground. The rapid easing in lockdown restrictions has opened pent-up […]

Read More

Small retailers urged to trial not surcharging ahead of next year’s ban on excessive fees

Small retailers urged to trial not surcharging ahead of next year’s ban on excessive fees

Reading Time: 2 minutes In May, this year, the Reserve Bank of Australia released a new surcharging standard, which introduced a ban on excessive surcharges. The ban, which is being enforced by the Australian Competition and Consumer Commission (ACCC), commenced for large retailers this month but all other merchants have until 1 September 2017 to comply with it. Consumer advocate Chris […]

Read More

Consumer confidence rises after RBA cut

Consumer confidence rises after RBA cut

Reading Time: < 1 minute Consumer confidence has strengthened following the Reserve Bank of Australia’s decision to cut the cash rate to a record low of 2.0 per cent. The latest ANZ-Roy Morgan Consumer Confidence report has revealed Consumer Confidence has risen by 1.7 per cent, reaching 110.6 last week. While confidence levels are up, 7 per cent higher compared to the […]

Read More