Many Businesses In “Wait, Survive & See Mode”: RBA Boss
Reserve Bank governor Philip Lowe has used his annual address to the Anika Foundation to expound on the many woes of Australian... Read More
RBA Wants New Rules For Big Tech Entering Oz Finance Sector
Reserve Bank governor Philip Lowe wants payment laws reviewed by the Federal Government, as big tech companies enter the Australian financial sector.... Read More
All Major Banks In Australia, Telstra, AusPost, Hit By Major Outage
UPDATE: (4:30pm) Akamai’s Prolexic service appears to be the issue. Prolexic is used by companies to protect against DDoS attacks. UPDATE: (4:25pm) CommBank,... Read More
Afterpay Does More Good Than Harm, RBA Says
The Reserve Bank has indicated Buy Now, Pay Later (BNPL) schemes such as Afterpay will be able to continue to insist merchants... Read More
Harvey Norman CEO Warns RBA Jumped The Gun With Historic Rate Cuts
Harvey Norman CEO Gerry Harvey has labelled the Reserve Bank Of Australia’s rate cuts as “overkill” and says the lender should have... Read More
BREAKING NEWS: OZ Dollar Crashes As RBA Delivers $90 Billion To Prop Up Businesses
The Reserve Bank has cut the official cash rate to 0.25 per cent from 0.5 per cent with banks set to have... Read More
Coronavirus: RBA Slashes Interest Rates To Record Low Of 0.5%
For the fourth time in a year, the Reserve Bank has slashed interest rates to a record low of 0.5 per cent... Read More
CBA & ANZ Urge RBA To Regulate Afterpay
ANZ Bank and Commonwealth Bank are throwing their support behind the Reserve Bank, saying regulatory action should be taken to enable retailers... Read More
JB Hi-Fi Shrugs Off Coronavirus Concerns After Hike In Shares
Electronics retailer JB Hi-Fi has dismissed fears about the impact on stock and supply from the Coronavirus outbreak and is defying forecasts... Read More
RBA Risks ‘Stifling Innovation,’ Says Afterpay Boss
The boss of ASX darling Afterpay has shot the Reserve Bank of Australia (RBA) a warning that it risks ‘stifling innovation’ by... Read More