ARA, NRA and TLS disagree on RBA interest rate action
The Australian Retailers Association (ARA) and the National Retailers Association (NRA) are at rare loggerheads this week over whether the Reserve Bank of Australia should tomorrow lower the cash rate, effectively lowering interest rates.
Mon 04/02/2013 12:00:00 / Read More »Retail group upset that Reserve Bank leaves interest rates on hold
The Reserve Bank of Australia today left the cash rate unchanged at 3.5 per cent, effectively keeping interest rates on hold. This decision has frustrated NRA boss Gary Black.
Tue 04/09/2012 12:00:00 / Read More »RBA leaves rates on hold as retailers see modest boost in sales
The RBA has opted to leave the official cash rate on hold at 4.25% following a meeting of the board today. In other news, the Bureau of Statistics has released February retail trade figures, noting a small rise in turnover.
Tue 03/04/2012 12:00:00 / Read More »Forget about interest rates and control what you can, says retail accountant
Accountancy firm RSM Bird Cameron has today shared five tips with retailers to help improve their businesses. RSM says business should focus on things within their control rather than worrying about issues like interest rates.
Thu 09/02/2012 12:00:00 / Read More »RBA has listened to retailers at the coal face with rate cut: ARA
The RBA has lowered the official cash rate to 4.25 per cent, to help combat the "changed behaviour by households and the high exchange rate [that] have had a noticeable dampening effect" on the economy.
Wed 07/12/2011 12:00:00 / Read More »ARA no longer happy, back to complaining about rate cuts
The Australian Retailers Association has recovered from the joy experienced from last week's interest rate cut to today complain that not all the banks have passed on the Reserve Bank's 25 basis point cash rate reduction.
Fri 11/11/2011 12:00:00 / Read More »Not out of the woods yet: RBA takes the cautious path and drops rates
A November rates announcement from the RBA is always a stealthy affair (those pesky horses always seem to get all the attention), but yesterday there was good news for some as the RBA announced a drop in interest rates.
Wed 02/11/2011 12:00:00 / Read More »RBA leaves rates on hold at 4.75%
The board of the RBA has decided to leave Australia's cash rate unchanged at 4.75%, with RBA governor Glenn Stevens citing global financial instability and cautious consumer behaviour as key factors in the decision.
Tue 04/10/2011 12:00:00 / Read More »Think of the spooked consumers: ARA calls for hold on interest rates
The Australian Retailers Association has called on the Reserve Bank of Australia to consider the current weakness of the retail market and keep interest rates on hold.
Mon 01/08/2011 12:00:00 / Read More »Interest rates rise pushed back for fifth month
The Reserve Bank of Australia has decided to leave the cash rate unchanged at 4.75 per cent, despite the higher than expected Consumer Price Index hike last week.
Tue 03/05/2011 12:00:00 / Read More »RBA holds rates following weak retail results
Retail trade has slackened by 0.4 per cent compared to prior months and the latest Retail Figures show Australians are not as hungry for consumer electronics as they are for eating out.
Wed 06/10/2010 12:00:00 / Read More »JB Hi-Fi CEO comments on rate hold
The anticipated hold on interest rates was well received by consumers and retailers alike, although executives like Terry Smart approach the future with reservation.
Thu 05/08/2010 12:00:00 / Read More »RBA raises interest rates once again
Just after it was announced that retail sales were back on track in 2010, the Reserve Bank of Australia has thrown a spanner in the works by raising interest rates by a quarter of a per cent.
Wed 03/03/2010 12:00:00 / Read More »A sigh of relief from retailers as interest rates remain unchanged
The Reserve bank of Australia has decided to hold interest rates at 3.75 per cent. The Australian Retailers Association has applauded this decision as it will provide retailers with a chance to post consistent growth.
Wed 03/02/2010 12:00:00 / Read More »ARA warns of retail slowdown if rates rise in February
The Australian Retailers Association has warned that if there is a fourth consecutive RBA rate rise in February, retailers will suffer as much needed growth in consumer spending will be halted.
Mon 01/02/2010 12:00:00 / Read More »Retail sales inch higher over October
According to the latest retail turnover figures from the ABS, sales for the month of October were up 0.3 per cent. Despite this, major retail bodies are warning retailers to prepare for the figure to drop, after three consecutive rate rises from the RBA.
Fri 04/12/2009 12:00:00 / Read More »Will the latest rate rise hurt retailers in the lead up to Christmas?
Yesterday the Reserve bank decided to raise official interest rates by a quarter of a percentage point to 3.5 per cent. Retail bodies are worried that this will stifle growth in the sector and damage consumer confidence.
Wed 04/11/2009 12:00:00 / Read More »'Reserve Bank is ignoring retailers': ARA
The Australian Retailers Association has slammed the Reserve Bank for raising its interest rates by 25 basis points to 3.25 per cent, and the damaging effects this will have on sales in the lead up to Christmas.
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