Petrol prices hit 22-week high

The national average price of unleaded petrol in Australia has hit its highest point in nearly half a year, just in time for the Easter holidays.

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).

Average term deposit rate drops in March

Retail term deposit interest rates have fallen on average again in March, following several high profile rate drops from major banks.

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’.