No news could be good news, say retailers
All All Industry Insights Industry News Media Release Member Only Articles NRA Events NRA Legal NRA Partners NRA Projects NRA Training and Development Policy & Advocacy Policy Updates Technology Tenancy & Leasing Testimonials Thought Leaders Weekly CEO Update WHS Update

No news could be good news, say retailers

March 03, 2015

The National Retail Association said the Reserve Bank Board’s decision to leave the cash rate unchanged at 2.25 per cent could be a boost for consumer confidence.

NRA Chief Executive Officer Trevor Evans said the decision could be viewed as a sign of stability.

“Generally, retailers would welcome an interest rate cut, but when rates get as low as they are at the moment it can be a double-edged sword by highlighting doubts around economic momentum and job security,” Mr Evans said.

“Over the last month we have seen an increase in consumer disposable income, through lower interest rates and cheaper fuel, which should help to boost the retail sector.

“However, while the cash rate has been held at 2.25 per cent, the Government should continue to pay close attention to essential policy settings that will promote business certainty and allow businesses to get on with creating employment and economic prosperity.”


The NRA is Australia’s largest and most diverse retail industry organisation, and has been representing the interests of the retail, fast food and broader service sector for almost 100 years. 

Media contact:  SAS Media and Communications 07 3171 2960 or 0467 792 013.

NRA Media

  • National Retail Association strengthens support for members on leasing and tenancy
    June 01, 2021

    We are pleased to have strengthened our partnership with Lpc Cresa, a leading advisor to retail tenants across Australia and New Zealand, to assist our…

    Read More
    September 03, 2018

    To download the nomination form, click here

    Read More
  • Jump start your business for 2021 and step ahead of the competition
    November 20, 2020

    2020 has undoubtedly been one of the most challenging years for all of us. It has created unprecedented trends in every industry, and shown retailers…

    Read More
  • NRA members winners in new partnership with Aussie Broadband
    November 16, 2020

    You must be logged in to view this content.

    Read More
  • Increase to casual evening penalty rate under the General Retail Industry Award 2020 from 1 October 2020
    September 28, 2020

    Evening penalty rate increase for casual employees From 1 October 2020, the evening penalty rate for casual retail workers will be increased by 5%. The…

    Read More

What our clients say

Want to chat?
Contact our team today!