Original article by
Australian Retailers Association – Page: Online : 13-Aug-25

Retailers have welcomed the Reserve Bank of Australia’s announcement of a 25-basis-point interest rate cut as a vital confidence boost for the sector’ recovery. The Australian Retailers Association and the National Retail Association said that lower interest rates will encourage much-needed discretionary spending. The ARA’s CEO Chris Rodwell says the two clear messages that stem from the decision are that the RBA remain open to further cuts in 2025 – given that retail growth and consumer confidence remain subdued – and it is critical that banks act now to pass on the full rate cut. Rodwell adds that a stronger Australian economic trajectory cannot happen without a retail recovery.

CORPORATES
AUSTRALIAN RETAILERS ASSOCIATION, NATIONAL RETAIL ASSOCIATION LIMITED, RESERVE BANK OF AUSTRALIA