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.

Brokers are adjusting after another major bank tightened its approach to mortgage lending for companies and trust structures.

Following the Reserve Bank of Australia’s decision to hike the cash rate, lenders have begun adjusting their own rates, though the speed of response has varied.

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

Commonwealth Bank of Australia has grown its business lending loan book across the last financial half year, lending $25 billion in business lending, new funding and drawdowns.

The Commonwealth Bank of Australia has topped the table for the largest expansion of its investor mortgage books over the last year, according to the latest stats from APRA.

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.

While inflation has eased slightly, Australia’s major banks have said near-term interest rate cuts remain unlikely, with their views split between a continued hold and a hike.