Australia’s biggest bank stunned markets this week, after a hotter-than-expected inflation reading forced a rapid rethink from economists and traders at Commonwealth Bank. The surprise rise in consumer prices wiped away hopes of near-term rate cuts, sent the ASX lower, and prompted a clear shift in CBA’s guidance and market positioning, leaving investors asking what…
The Commonwealth Bank has taken swift action following the Reserve Bank of Australia’s (RBA) latest move, cutting its home loan interest rates to provide relief for homeowners. This comes after the RBA decided to lower the cash rate to 3.60 per cent, the third rate cut of the year, as inflation slows and economic growth…
“Interest rate cuts may be closer than we think“. Commonwealth Bank of Australia (CBAUF) says it’s already a “done deal.” That’s a bold claim. But it comes with reasons. Right now, Australia’s economy is slowing down. People are spending less. Inflation is cooling off. Job growth isn’t strong. These are the signs central banks usually…