* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, June 7, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

    Fox News Entertainment Newsletter: Celebrities mentioned during Diddy’s high-profile sex trafficking trial – Fox News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Micron Technology (NASDAQ:MU) Stock Price Expected to Rise, UBS Group Analyst Says – MarketBeat

    UBS Analyst Predicts Surge in Micron Technology Stock Price!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

SMEs await stability as RBA maintains rates

December 6, 2023
in Business
SMEs await stability as RBA maintains rates
Share on FacebookShare on Twitter

In a recent monetary policy decision, the Reserve Bank of Australia (RBA) has chosen to keep interest rates unchanged, providing a sense of stability for SMEs navigating through economic uncertainties.

The decision aligns with market expectations and reflects the central bank’s cautious approach to balance economic growth and inflation.

As the SME community closely monitors these developments, the RBA’s commitment to maintaining the current cash rate at 4.35% offers a reprieve for businesses grappling with various challenges. The decision, coupled with the anticipation of a 5% rise in Australian home prices in 2024, sets the stage for a nuanced economic landscape.

SMEs, often considered the backbone of the Australian economy, stand to benefit from interest rate stability. The RBA’s acknowledgement of the need for a reasonable timeframe to bring inflation back to target aligns with the concerns and priorities of small businesses that are crucial for job creation and overall economic resilience.

In November, the RBA had increased the interest rate by 25 basis points. This announcement brings relief to numerous households, which, on average, have incurred over $24,000 in extra interest payments due to 13 interest rate hikes since May 2022.

Opportunity for Property SMEs

The real estate sector’s projected 5% surge in 2024, as indicated by the Reuters poll, adds an interesting dynamic to the economic landscape. For SMEs tied to property markets or those in related industries, this growth could present new opportunities for expansion and investment.

However, challenges persist, and the outlook for household consumption remains uncertain. SMEs closely tied to consumer spending may navigate cautiously as they assess the evolving economic conditions. The RBA’s decision to observe the impact of previous rate increases on demand and the labor market before any further adjustments offers a strategic pause for SMEs to evaluate their own positions.

Governor Michele Bullock, in presenting the monetary policy statement, emphasised the need for further tightening to bring inflation back to target, dependent on evolving data and risk assessments. The board remains steadfast in its commitment to achieving the inflation target.

Since the November meeting, domestic economic indicators have generally met expectations. However, uncertainties persist regarding the outlook for household consumption. October’s Consumer Price Index (CPI) indicated a moderation in inflation, primarily driven by the goods sector, but provided limited insights into services inflation.

Inflation expectations align with the target, and while labor market conditions are gradually easing, they remain tight. The impact of monetary policy lags and higher interest rates aims to establish a sustainable balance between supply and demand.

The decision to keep the cash rate unchanged allows time to assess the effects of previous rate increases on demand, inflation, and the labor market. According to a Reuters poll, a rate cut is not expected until the fourth quarter of the following year due to a robust housing market.

Anneke Thompson, Chief Economist at CreditorWatch, comments on the rate hold scenario, stating that borrowers find relief with the RBA’s decision to keep the cash rate steady at 4.35% in its final meeting until February. Stagnating retail sales, slowing inflation, and a rising number of unemployed job seekers convinced the RBA that existing monetary policy settings are adequate to slow the economy.

“The strength of retail sales over the Christmas period and the volume of summer holiday spending will help inform the RBA’s next move at the February 2024 meeting. Most incoming data to CreditorWatch points to falling trade among smaller businesses, particularly average value of invoices, which are down an extraordinary 33% year on year.

“In good news overseas, inflation has fallen fast in many global economies, including the eurozone where inflation is now running at 2.4 per cent. Very high migration levels to Australia will likely cause our inflation number to fall at a slower rate. However, overseas movements are a good sign that the global factors that impact inflation are very much past their peak.”

Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Dynamic Business – https://dynamicbusiness.com/topics/news/smes-await-stability-as-rba-maintains-rates.html

Tags: awaitbusinessstability
Previous Post

6 generative AI hazards IT leaders should avoid

Next Post

SMEs drive 43.6% of India’s global trade in 2022-23

ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

June 7, 2025
Tom Rafferty, longtime Cowboys offensive lineman and Super Bowl champion, dies at 70 – CBS Sports

Remembering Tom Rafferty: Celebrated Cowboys Lineman and Super Bowl Champion Passes Away at 70

June 7, 2025
Drought expanded to 19 more watersheds – Washington State Department of Ecology (.gov)

Severe Drought Worsens: 19 Additional Watersheds Affected!

June 7, 2025
CULT Food Science Closes Debt Settlement – TradingView

CULT Food Science Closes Debt Settlement – TradingView

June 7, 2025
Harmony Public Schools’ science-focused campus to open soon at City Place – Community Impact

Harmony Public Schools’ science-focused campus to open soon at City Place – Community Impact

June 7, 2025
Ladies Lifestyle Network cuts ribbon – haysfreepress.com

Ladies Lifestyle Network cuts ribbon – haysfreepress.com

June 7, 2025
Watch fans celebrate as Uzbekistan secures debut World Cup qualification – CNN

Watch fans celebrate as Uzbekistan secures debut World Cup qualification – CNN

June 7, 2025
Dollar advances against peers after strong US economic data – Reuters

Dollar advances against peers after strong US economic data – Reuters

June 7, 2025
Entertainment lineup released for 2025 Mississippi State Fair – WAPT

Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

June 7, 2025
Water-cleaning bacteria can produce health, economic benefits – ASU News

Revolutionary Water-Cleaning Bacteria: Unlocking Health and Economic Benefits!

June 7, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (673)
  • Economy (687)
  • Entertainment (21,593)
  • General (15,267)
  • Health (9,728)
  • Lifestyle (690)
  • News (22,149)
  • People (688)
  • Politics (694)
  • Science (15,905)
  • Sports (21,191)
  • Technology (15,673)
  • World (672)

Recent News

ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

June 7, 2025
Tom Rafferty, longtime Cowboys offensive lineman and Super Bowl champion, dies at 70 – CBS Sports

Remembering Tom Rafferty: Celebrated Cowboys Lineman and Super Bowl Champion Passes Away at 70

June 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version