Bloom Blog - News
Harness Growth Opportunities with Working Capital Finance
Access to cash might make all the difference in volatile times. Yet, at any given moment, small businesses may have thousands of dollars tied up in stock and unpaid invoices. Flexible working capital finance can help to unlock liquidity when it's needed. Although the...
February Interest Rate Update
Today the RBA met for the first time in 2021 and have decided to leave the cash rate unchanged at 0.10%. Our central bank will have been encouraged by recent better than expected unemployment and CPI numbers. It will also be keeping a close eye on rising house prices,...
Open for Business
Dear friends and valued clients, we are open for business at our new offices in Edgecliff. Please don’t hesitate to contact Fi for an obligation free appraisal, to see if we can assist you to improve your finances, and achieve those dreams!
News update – RBA decision – hold at 0.10%
After a challenging year, the RBA has met for the final time in 2020 and decided to leave the cash rate unchanged. After reducing the rate three times during the year, including to a record low of .10% last month, the RBA opted to wait until its next meeting in...
Breaking News – Interest Rates Update
As the country tunes in for the 2020 Melbourne Cup, the cash rate decision for November has been announced and rates have been cut. In response to the economic impact being caused by the COVID-19 crisis, the RBA reduced the cash rate by 0.15% to a new record low of...
Temporary loan repayment deferrals due to COVID-19, September 2020
Many authorised deposit-taking institutions (ADIs) have granted temporary relief to borrowers impacted by COVID-19, allowing them to defer loan repayments for a period of time. To provide greater transparency of loan repayment deferrals, APRA is publishing: the...
Our first video, Fi talks about Bloom
To celebrate our first birthday, I am incredibly proud and excited to launch our first video, where I tell the story of how Bloom came about, and how we help our Customers achieve their goals, and save them money. Thank you for...
News update – RBA decision – hold at 0.25%
As expected, the Reserve Bank of Australia kept the cash rate at 0.25 percent at its meeting today as the country countinues to deal with the COVID-19 pandemic. The RBA, conscious of reductions in consumer spending, further falls in house prices and the flow on...
The RBA has announced that the cash rate will remain unchanged for July with rates remaining at 0.25%.
The RBA is mindful of rising concerns around unemployment post-JobKeeper, falls in housing and home loan approvals, decreasing property values and decreasing credit growth. The RBA maintains the stance that negative interest rates are not the best option for the...
Our New Digs in Paddington!
We are excited to announce we have opened Bloom’s new offices in Paddington! Easy to get to, by public transport or by car.