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How does the cash rate impact (or not) the banks interest rates? The RBA conducts Australia’s monetary policy which includes setting the cash rate on overnight loans in the money market. The cash rate influences the banks’ interest rates, however there are many other factors which also affect rates including overall cost of funds, lending risks, competition etc. In June 2019, the RBA announced a 0.25% (25 basis points) cut to the cash rate to a historical low of 1.25%. Not all banks followed suit which provoked the usual media outcry. Closer analysis would have revealed that the bank which...

Corporate Scorecard: What it is and how it may affect you Corporate Scorecard is a subsidiary of Equifax that assists with the assessment of the financial capacity of organisations including for pre-qualification, pre-contract award and post contract award monitoring for contracts. This assessment has been around for several years and many of our clients, who are contracted to work for government organisations, are being presented with this as a mandatory procedure to complete (and pass) prior to contract approval. A Corporate Scorecard assessment is mandatory to all Public Authorities in the Perth Region and customers in Regional Areas and other...