The Reserve Bank says it is unlikely to recommend changes to rules that prevent retailers from surcharging customers who use buy now, pay later schemes like Afterpay and Zip as
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RBA warns banks over culture as staff contact customers over loan deferrals
The Reserve Bank of Australia has warned banks to monitor their culture as staff contact customers facing financial difficulty during the recession. The RBA's annual financial stability review report, released
Continue reading »Australia Retains Interest Rate, Asset Purchase Programme As Expected
Australia’s central bank kept its key interest rate at a record low and the target yield on three-year government bonds unchanged, and vowed to maintain its accommodative approach as long
Continue reading »Australia Maintains Status Quo
Australia’s central bank maintained its interest rate and the target yield on three-year government bonds as economy experiences severe downturn after measures taken to stem the spread of coronavirus, or
Continue reading »Australia Holds Rate, Asset Purchases On Severe Economic Contraction Outlook
Australia’s central bank maintained its interest rate and the target yield on three-year government bonds as it expects the economy to register a “very large” contraction in the second quarter
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