Economy

New data has shown an easing in spending during September, suggesting that the government’s stage 3 tax cuts have not encouraged consumers to open their wallets.

Announced today (15 October), the central bank is beginning a review of merchant card payment costs and surcharging in a bid to assist Aussies amid cost-of-living challenges.

Small businesses have opened up to the idea of managing repayments over a longer period of time, new research has found.

The central bank has released an analysis of its Term Funding Facility (TFF) initiative. According to the RBA, the TFF allowed for better rates for borrowers.

While signs of financial stress persist, consumers have made sure to stay on top of their mortgage debts.

The RBA’s latest cash rate meeting minutes highlighted a complex economic landscape and its options for future monetary policy adjustments.

New loan commitments for investor housing are approaching heights not seen since January 2022, new ABS data has revealed.

As SMEs continue to feel the pressure from economic challenges, one non-bank lender has outlined what small-business owners can do to mitigate stress.

The major bank has brought forward its first rate cut prediction amid easing inflationary pressures.

While still at low levels, there are clear signs that the rate of arrears is picking up and is expected to continue growing.