Category: CBA

  • AUD: CBA maintains base case December RBA 25bp rate cut – see firmer disinflationary pulse

    Detailed note from the Commonwealth Bank of Australia on what they expect from the Reserve Bank of Australia. In summary: Our base scenario sees the RBA begin to normalize the cash rate by the end of 2024 (we forecast in December the first 25 basis point rate cut) A stronger…

  • CBA shifts expected RBA rate cut timing to December 2024 (from November)

    The Commonwealth Bank of Australia has decided to postpone the expected date of the Reserve Bank of Australia’s first interest rate cut from November 2024 to December 2024. Expect a 25 basis point cut. The recent strength in employment growth coupled with relatively hawkish rhetoric from the RBA Governor means…

  • Australia’s CBA beats annual profit forecast, extends shares rally By Reuters

    Written by Sameer Manikkar (Reuters) – Commonwealth Bank of Australia, the country’s largest lender, reported a smaller-than-expected fall in annual cash profit on Wednesday and announced its highest ever dividend, despite falling margins and rising mortgage overdue payments. Cash profits were A$9.84 billion (US$6.52 billion) for the year to June…