Australian retailers urge central bank to avoid rate hike

09/9/2009 | Sydney Morning Herald (Australia), The

The Australian Retailers Association is urging the country's central bank to refrain from raising interest rates before Christmas as retail sales continue to slide. "The RBA must carefully consider the current sensitive nature being displayed by consumers who will respond to rumoured interest rate increases by further tightening their purse strings," ARA Executive Director Russell Zimmerman said. "Anything that takes cash away from consumers at the moment, including premature interest rate hikes, will be damaging to retail sales in the lead up to Christmas."

View Full Article in:

Sydney Morning Herald (Australia), The

Published in Brief:

SmartBrief Job Listings for Retail

Job Title Company Location
Product Manager
Bon-Ton Stores
MILWAUKEE, Wisconsin
Manager of Accounting
The Vitamin Shoppe
North Bergen, New Jersey
Senior Manager Merchandising Asia China Implementation GBP
Bentonville, Arkansas
Regional HR Manager
Boston, Massachusetts
Manager, Media Relations - National
New York, New York