The Reserve Bank’s decision to further cut interest rates has been welcomed by small business fintech Prospa. CEO and co-founder Greg Moshal says after a year of surprises, small businesses are beginning to feel confident once more and the rate cut will bolster these feelings. RBA cuts will boost confidence In an interview with Startup… Read more »
The government has widely touted its support for small businesses – most notably the provision of loans subsidised by the Reserve Bank. In its economic update on Friday the Reserve Bank talked up its low-cost Term Funding Facility. Take-up was “increasing steadily”. The scheme gives banks ultra low-interest money (0.25% per year for three years)… Read more »
Missed out on today’s news. Don’t stress, we’ve got you covered. Catch up with the latest news briefs small business owners need to know on Wednesday, November 6 2019. Reserve Bank keeps interest rates on hold After slashing rates to an all-time low last month, the Reserve Bank has opted to keep the current cash… Read more »
Catch up on the news that matter to small business as we serve up our daily dose of the latest news briefs. Here’s what you need to know on Wednesday, August 28 2019. Interest rates could hit all time low Interest rates could be set to drop even lower with the Reserve Bank of Australia’s… Read more »
It’s good news for small businesses, as Consumer Confidence reaches it highest rating in recent months. According to findings released in the ANZ-Roy Morgan Australian Consumer Confidence Index, Consumer Confidence is up by 2.3 per cent. Analysts are suggesting the increase has been driven by consumers’ improved outlook on the current economic conditions. Households’ views… Read more »
Reserve Bank of Australia’s decision to leave the cash rate on hold today will help the country’s two million small and medium sized businesses grow, one of Australia’s leading fintech financiers said today. The Invoice Market CEO Angus Sedgwick said that small businesses were the “backbone of our economy, contributing more than $343 billion to industry each… Read more »
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