{"id":740519,"date":"2026-06-16T16:47:13","date_gmt":"2026-06-16T16:47:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/740519\/"},"modified":"2026-06-16T16:47:13","modified_gmt":"2026-06-16T16:47:13","slug":"cpa-australia-says-rate-hold-offers-only-temporary-relief-as-cost-pressures-persist","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/740519\/","title":{"rendered":"CPA Australia says rate hold offers only temporary relief as cost pressures persist"},"content":{"rendered":"


\n CPA Australia also called on small businesses and households to seek advice early to better manage financial risk. Credit: Marlon Trottmann\/Shutterstock.com.<\/p>\n

CPA Australia has described the Reserve Bank\u2019s decision to leave interest rates unchanged as a short-lived respite for borrowers, while warning that households and small businesses are still facing ongoing financial strain.<\/p>\n

The accounting body\u2019s business and investment lead, Gavan Ord, said the decision to pause further increases would be welcomed, but it does not materially reduce the wider pressures confronting consumers and businesses.<\/p>\n

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\u201cA hold on interest rates will be welcomed by many businesses and households, especially those who are already stretched by higher borrowing costs,\u201d Ord said.<\/p>\n

He said businesses and consumers continue to contend with elevated costs, persistent inflation across a range of goods and services, volatile fuel prices and weak consumer sentiment.<\/p>\n

Ord also said measures announced in the federal budget had added to uncertainty, particularly around how the proposed changes would work in practice and whether they could be applied consistently.<\/p>\n

\u201cThe proposed changes to capital gains tax and trusts in last month\u2019s Federal Budget have added uncertainty to an environment where economic confidence remains fragile,\u201d Mr Ord said.<\/p>\n

He said continued increases in business expenses were likely to keep feeding through to end consumers.<\/p>\n

\u201cWhen businesses face sustained increases in operating costs, those increases are inevitably passed on to consumers. We expect continued cost pressures at the checkout as businesses try to balance rising inputs with maintaining viability,\u201d Ord said.<\/p>\n

CPA Australia said the current conditions highlight the need for governments to prioritise longer-term reform aimed at improving the business operating environment.<\/p>\n

\u201cWhat businesses need is decisive government action to reduce red tape and improve the overall business environment,\u201d Ord said.<\/p>\n

\u201cRemoving unnecessary regulatory burden helps businesses focus on growing, employing people and serving customers.\u201d<\/p>\n

Ord said stronger productivity and lower compliance expenses would provide more meaningful support for business resilience than temporary measures.<\/p>\n

\u201cShort-term relief can help, but it won\u2019t fix a system where businesses are dealing with persistent cost pressures and regulatory complexity,\u201d he said.<\/p>\n

CPA Australia also called on small businesses and households to seek advice early to better manage financial risk and prepare for continued uncertainty.<\/p>\n

\u201cBusinesses and individuals concerned about managing financial pressures should speak with a professional accountant who can help businesses plan, manage risk and navigate changing economic conditions,\u201d Ord added.<\/p>\n

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\n Give your business an edge with our leading industry insights.\n <\/p>\n","protected":false},"excerpt":{"rendered":"CPA Australia also called on small businesses and households to seek advice early to better manage financial risk.…\n","protected":false},"author":2,"featured_media":740520,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-740519","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/740519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=740519"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/740519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/740520"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=740519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=740519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=740519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}