Commonwealth Bank Australia (CBA)

CBA has proffered a timely cash-rate increase analysis while reporting its 1Q23 resi lending up $5.1 billion.

Home owners are ringing in the festive period with a present they cant re-gift, after the RBA announced a rate hike for the month of December.

Central bank digital currency (CBDC) roll-out has raised a range of views and concerns as major banks sign on to a pilot.

Banks and entities have released new analyses and forecasts after the latest inflation data came in higher than expected.

The major bank will head to Federal Court today (7 November) as the ongoing class action relating to money laundering disclosures continues. 

Most big four banks expect a 0.25 per cent rate hike today, but recent inflation data may have put 50bps back on the table.

It is highly likely another 25-bp hike is ‘coming down the chimney’ today, major bank economists have suggested.

New CommBank research has revealed that having a place for pets ranks higher in importance than closeness to family for first home buyers.

The RBA’s November cash-rate increase to 2.85 per cent is flowing through to more Australian bank interest rates this month.