Lower interest rates a welcome relief, critical banks pass on full cut
Retailers welcome the Reserve Bank of Australia’s (RBA) announcement today of a 25-basis-point cut to take the cash rate...
Retailers welcome the Reserve Bank of Australia’s (RBA) announcement today of a 25-basis-point cut to take the cash rate to 3.6 percent as a vital confidence boost for their sector’s recovery. The Australian Retailers Association (ARA) and National Retail Association (NRA) said lower interest rates will encourage much-needed discretionary spending. “While...