Credit card use on the rise

The Reserve Bank’s latest payments system data shows a slight increase in the use of credit cards in February.

Retail spending unexpectedly rises in February

Retail sales growth smashed expectations in February, rising 0.8% in seasonally adjusted figures, according to data from the Australian Bureau of Statistics (ABS).

Rising income tax strangles household spending

Households are slashing their spending as rising income tax puts a stranglehold on disposable income growth, according to Australia’s central bank.

Apple to release its own credit card

Tech giant Apple has staked its claim to a share of the credit card market, unveiling its new credit card product at an event California, called ‘Apple Card’.