Retail lobby groups welcome RBA’s decision to pause interest rate hike
E-commerce Both the National Retail Association (NRA) and the Australian Retailers Association (ARA) welcomed the Reserve Bank of Australia’s (RBA) decision to leave the cash rate target unchanged at 4.1 per cent. This is the fourth consecutive time the RBA paused raising the benchmark interest rate since June this year. “Pausing interest rates this month will allow consumers to spend more freely during the November/December sales period and allow retailers to better assess their employment needs for this period,” said…