Search results for Economy
Household spending slows as consumers pump the brakes on discretionary spending
April Household Spending Index features new Home Ownership Insights revealing renters pulling back most on spending.
13 May 2024
South Australia pips rivals to take economic crown: CommSec State of the States
Western Australia and Victoria close behind on economic performance indicators.
21 April 2024
Household spending falls in February despite the Taylor effect
CommBank Household Spending Insights Index fell -0.3 per cent in February but consumers still managed to spend big on music festivals.
13 March 2024
Travel and fitness boost household spending in January
CommBank Household Spending Insights Index rose 3.1 per cent to 141.9 in January 2024, but the bounce did not fully offset weakness in December 20...
15 February 2024
South Australia is best performing economy for first time: CommSec State of the States
South Australia makes history, taking top spot on the State of the States leader board.
29 January 2024
Rate rises and pre-Christmas sales saw household spending drop sharply in December
CommBank Household Spending Insights Index fell 3.9 per cent to 137 in December.
15 January 2024
Australian economy remains in ‘relatively good shape’ going into 2024: CBA Chief Economist
As 2023 draws to a close the debate in global markets remains focused on the success, or otherwise, of the major central banks returning inflation ...
21 December 2023
Consumers bring forward Christmas spend to take advantage of sales
CommBank Household Spending Insights Index rose 1.8 per cent to 142.8 in November.
13 December 2023
Household spending drops in October as ongoing effect of rate hikes slows consumer spending
CommBank Household Spending Insights Index fell 1.0 per cent to 139.8 in October.
13 November 2023
Victoria now Australia’s best performing economy: CommSec State of the States
Victoria jumps ahead of the states and territories to top the leader board.
30 October 2023
Michele Bullock delivers first speech as RBA Governor to CBA’s Global Markets Conference
New RBA Governor outlines to CommBank-hosted audience the importance of keeping inflation low, maintaining full employment while ensuring financial...
25 October 2023
Victoria had strongest spending among states in September driven by AFL Finals
CommBank Household Spending Insights Index rose 0.5 per cent in September, led by increased hospitality and food & beverage spending during school ...
11 October 2023
Surge in international students, higher petrol prices and FIFA World Cup drove increased household spending in August
CommBank Household Spending Insights Index rose 0.7 per cent in August, with strongest monthly gain in Queensland. However annual spending growth r...
13 September 2023
Consumers opt for convenience and money-saving technologies amidst higher cost of living
Budget-conscious Australians are redirecting funds towards essential goods and services or savings, and changing their shopping and spending habits...
8 September 2023
New CommBank Household Spending Insights Index shows consumers continued to tighten belts in July
Monthly CommBank HSI Index is based on de-identified transaction data of CBA customers and 12 spending categories. Shows Western Australia had the ...
15 August 2023
Tasmania edges NSW as best performing economy: CommSec State of the States
Tasmania holds off a challenge from NSW to stay on top of the leader board.
24 July 2023
CBA top ranked for economic and markets research in KangaNews investor poll
CBA rated #1 in four of seven categories, including Best Overall Research on Australian Fixed Income.
5 July 2023
Federal Budget reaction: CommBank Chief Economist
“This budget seeks to balance the risks to the economy from high inflation, the need for ‘cost of living’ relief and the requirement to move the me...
9 May 2023
Household spending declines in April
Drop in CommBank HSI Index due to reduced trading days for Easter and ANZAC Day holidays, as annual spending growth continues to moderate.
9 May 2023
Federal Budget 2023 preview: Government has ‘difficult challenge of meeting multiple goals’
A report by CBA’s Chief Economist Stephen Halmarick ahead of next week’s Federal Budget on 9 May forecasts a sharp reduction in the budget deficit.
1 May 2023
Tasmania back on top: CommSec State of the States
Queensland slips back to second place, in a draw with South Australia.
1 May 2023
Return to work drives increased transport spending
Rise of CommBank HSI Index in March also led by increased entertainment, retail, travel and education spending - as annual spending growth continue...
18 April 2023
Amid global uncertainty, Australia’s banks stand ‘extremely strong’: CommBank CEO
Matt Comyn explained the differences between Australian and international banks at the AFR Banking Summit on 27 March.
29 March 2023
‘Whole-of-ecosystem’ approach needed to tackle scams
In conversation at the Australian Financial Review Banking Summit, CommBank CEO Matt Comyn spoke about how protecting customers is a top priority f...
29 March 2023
CommBank HSI Index declines again in February, led by weaker spending on entertainment, retail and travel
Commbank HSI Index declines again in February, led by weaker spending on entertainment, retail and travel.
14 March 2023
Economy ‘still challenging for many people’ despite strong conditions: Matt Comyn
Commonwealth Bank’s CEO in conversation at the Australian Financial Review Business Summit.
10 March 2023
Summer holidays support spending in January, as consumer activity slows
CommBank HSI Index drops 6.9 per cent after Christmas, with signs of slowdown in retail activity
16 February 2023
Australia faces slowdown in economic growth but should avoid recession, says CBA
The bank’s economics team are forecasting interest rates to rise further to combat high inflation, but for cuts to follow by the end of this year t...
15 February 2023
RBA expected to raise interest rates one more time at February meeting
CBA economists expect one further 25bp rate hike to a cash rate of 3.35 per cent before the Reserve Bank of Australia pauses its tightening cycle –...
2 February 2023
Queensland is the best performing state economy for the first time: CommSec State of the States
Latest quarterly CommSec data shows Queensland is now the best performing economy in Australia, as Tasmania drops to second place.
23 January 2023
CommSec tips shares to lift in 2023 despite ongoing challenges: CommSec Year in Preview
Despite ongoing challenges, CommSec is tipping the Australian sharemarket to lift 4-7 per cent over the coming 12 months.
4 January 2023
Higher prices drive increased household spending in October, as discretionary spending continues to weaken
Narrowly based 0.9 per cent monthly rise in CommBank HSI Index, with home buying and travel spending down after recent interest rate hikes.
8 November 2022
‘Inflation is too high’: RBA assistant governor sets scene at CBA Global Markets Conference
Christopher Kent, the Reserve Bank of Australia’s assistant governor of financial markets, opened the 2022 conference with a keynote speech address...
26 October 2022
Federal Budget ‘resetting for an uncertain future’: CBA economists
Commonwealth Bank economists take a close look at the first Federal Budget delivered by Treasurer Jim Chalmers, which includes measures to address ...
26 October 2022
Tasmania is back on top as the best performing economy: CommSec State of the States
Latest quarterly CommSec data shows Tasmania has returned as the best performing economy in Australia, as Queensland jumps up rankings.
24 October 2022
Federal budget preview: CommBank’s chief economist on what to expect
As new Treasurer Jim Chalmers prepares to deliver his first budget, CBA’s Chief Economist Stephen Halmarick explains why it’s important for fiscal ...
20 October 2022
Consumers call for businesses to activate circular economy
Consumer concerns about rising living costs is driving greater support for businesses that participate in the circular economy, a new CBA report ha...
17 October 2022
Spending declines as rising interest rates impact households
The RBA’s aggressive interest rate hikes are beginning to effect spending, according to the latest CommBank Household Spending Intentions Index
11 October 2022
Inside Bathurst: The booming regional city offering new opportunities
Bathurst in NSW has been added to the list of key growth areas, in the latest quarterly Regional Movers Index.
29 August 2022
Population movement to regional areas eases in June quarter
Young people are driving growth in regional economies, but the overall volume of people moving from major cities is easing, according to new data f...
29 August 2022
Climate Active certification will drive increased use of ACCUs by Australian businesses
CBA report expects Climate Active certifications will increase significantly as more companies implement net zero carbon emissions targets
15 August 2022
Victoria overtakes Tasmania as best performing state economy: CommSec State of the States
Latest quarterly CommSec data shows Victoria is the best performing economy in Australia, ending Tasmania’s long run at the top.
25 July 2022
Commonwealth Bank climbs global rankings in Euromoney FX Survey 2022
CBA amongst biggest gainers in annual survey of wholesale foreign exchange market and top ranked Australian bank for Real Money investors and FX Sw...
15 July 2022
Rising prices and return to work lift consumer spending in June, but higher interest rates already making impact
CommBank Household Spending Intentions Index tracks the impact of higher prices and interest rate increases, with declines in entertainment, home b...
12 July 2022
Australian energy market challenges to remain
Gas and electricity prices forecast to remain high until at least end of 2025 due to domestic and international factors, diesel and petrol prices l...
6 July 2022
Economic recap: RBA monetary policy decision
Stephen Halmarick shares his insights following the RBA’s July board meeting decision.
6 July 2022
After a tough year, CommSec tips sharemarket to recover in 2022/23
The Australian sharemarket is predicted to rebound by 7-9 per cent over the 2022/23 financial year after falling by around 10 per cent in 2021/22.
1 July 2022
Young movers driving growth in regional areas
Regional migration is at a five-year high and young people are driving growth, according to new data from the Commonwealth Bank and the Regional Au...
23 June 2022
Signs of slowing in household spending after interest rate rises
CommBank HSI Index lifts during May across most categories, but discretionary spending starting to soften with rising cost of living.
14 June 2022
CBA responds to RBA decision
CBA responds to the Reserve Bank of Australia’s cash rate decision.
8 June 2022
CBA economic and markets research rises in KangaNews fixed income poll rankings
Macroeconomic and ESG research see strong gains in survey of institutional investors.
1 June 2022
CBA economists predict stronger, better climate disclosure from Australian companies will drive more sustainability initiatives
Global demand for increased transparency on climate issues and improved emissions accounting methods will open the door to supply-chain collaborati...
12 May 2022
Household spending intentions fall by 3.8% in April
Latest CommBank HSI Index data shows normalising of spending patterns post COVID, with strong increases in travel and entertainment activity alongs...
10 May 2022
CBA private equity clients win industry awards from Australian Investment Council
Growth capital investments by Allegro Funds and Next Capital recognised among best deals in Australia’s private equity, venture and private capital...
6 May 2022
Tasmania’s top economic ranking under threat: CommSec State of the States
New data from CommSec shows Tasmania’s top ranking on relative economic performance is under threat from improving mainland economies.
26 April 2022
The penny drops on investing for Matty J
In this week’s episode of The Penny Drops, Matty J speaks to CommSec’s Tom Piotrowski to better understand investing and the share market.
14 April 2022
CommBank HSI Index at record high in March as economic recovery revs higher
Stronger economic momentum spurs increases in spending intentions across 11 of 12 spending categories, led by transport, travel and retail.
12 April 2022
CBA Quick Take: A new frontier in sustainable finance
What does the Reliance Rail GSLL mean for Australia’s sustainable finance market?
12 April 2022
International money transfers become cheaper for businesses
CBA is absorbing correspondent bank fees for international money transfers, saving business and retail customers collectively millions of dollars e...
12 April 2022
CBA supports KKR’s investment in Ritchies Transport
Enhanced capabilities sees CommBank active in Australasian private equity transactions.
8 April 2022
Federal Budget 2022 – CBA ‘bullish’ on the outlook for key commodity prices
CommBank’s economists are expecting prices for iron ore, coking and thermal coal to remain higher than the Budget’s longer term forecasts, which th...
30 March 2022
Federal Budget 2022: Population growth on the rise after COVID-19
With the pandemic having seen migration to Australia stall to almost zero in 2021, the re-opening of international borders is now forecast to help ...
30 March 2022
Federal Budget signals ‘next phase’ of fiscal policy: CBA Economists
Last night’s Federal Budget was punctuated by a number of fiscal measures designed to alleviate cost of living pressures and support economic growth.
30 March 2022
CBA Federal Budget reaction: Treasurer looks to economic growth for medium-term debt reduction
Government announces support for Australians to manage rising ‘cost of living’, alongside investment in infrastructure, skills training, regional A...
29 March 2022
“Regional Australia is flourishing”: CommSec economist
Not even a once-in-a-generation global health pandemic can stop regional Australia from flourishing, says CommSec Senior Economist Ryan Felsman.
29 March 2022
Federal Budget 2022 – The spending areas and key numbers to watch: CommBank
With all eyes on next week’s Budget, CBA’s Chief Economist Stephen Halmarick looks at the likely impact on the economy and who could benefit from t...
25 March 2022
Economy “firing on all cylinders” set to deliver $40b Budget benefit
Stronger employment numbers, lower welfare payments and surging commodity prices will help improve the bottom line in next week’s Federal Budget ac...
22 March 2022
Transforming healthcare payments for patients and providers
Newly launched CommBank Smart Health offers all-in-one health directory, payments and claims solution.
18 March 2022
Commodity prices spike leaves Australian dollar undervalued
The Australian dollar is currently undervalued relative to commodity prices, according to CBA's Head of International Economics, Joe Capurso.
15 March 2022
Sydney and Melbourne CBDs getting back to business
Businesses in Sydney and Melbourne CBD have seen a boost in spending as pandemic restrictions ease and more workers return to offices in the two ma...
11 March 2022
Strong SME demand for Asset Finance
New data reveals small and medium businesses are investing in equipment and machinery in advance to manage supply constraints.
8 March 2022
CBA spending data shows Australians on the move in February
The CommBank HSI Index rose 1.8% in February, led by increased spending on transport and post summer holiday home buying.
8 March 2022
CBA CEO says outlook is bright
In his keynote address at the Australia-Israel Chamber of Commerce today, CBA CEO said the bank would continue to play an important role in support...
1 March 2022
CommBank partners with customers to end financial abuse
New research reveals financial abuse cost victims $5.7 billion and the economy $5.2 billion.
24 February 2022
Aussies’ savings help keep financial wellbeing elevated through the pandemic
The financial wellbeing of Australians remains higher than it was before the pandemic hit, according to the latest Melbourne Institute and CBA report.
11 February 2022
Australian economy remains resilient despite COVID pandemic
CBA economists believe the Australian economy will remain strong in 2022, although caution remains in the near-term due to the latest Omicron varia...
9 February 2022
Strong partnership with clients sees CBA top 2021 Australian debt capital markets league table
Commonwealth Bank of Australia (CBA) was the leading bank for Australian debt capital markets in 2021 according to Bloomberg data, raising $19.7 bi...
25 January 2022
Tasmania maintains top spot ahead of new COVID wave: CommSec State of the States
New data from CommSec shows Tasmania’s economic performance continues to lead the country while the other economies have little separating them.
24 January 2022
Household spending intentions in December highest since 2017, but COVID cases impact spending in January
CommBank HSI Index rose 2.5% in December driven by increased spending on travel, transport and retail. Omicron causes spending to drop in January.
20 January 2022
The festive period and re-opening of the Qld border helps spending to soar in sunshine state
New Queensland merchant terminal data from Commonwealth Bank has revealed a jump in the level of spending following the state’s decision to re-open...
22 December 2021
Aussies plan to spend $4 billion in this year’s Boxing Day sales
Australians plan to spend more than $550 each online and in-store during the Boxing Day sales, with most preferring to shop in-store.
21 December 2021
IFM invests in newly launched CBA ESG Term Deposit
The innovative ESG-labelled investment product is an Australian-first and provides an additional source of funding to support Australia’s transition.
13 December 2021
CBA welcomes extension of SME Loan Scheme
CBA welcomes Federal Government’s extension of the existing SME Loan Scheme to support small and medium businesses in their recovery.
13 December 2021
CBA’s Global Markets sales and research score highly in Peter Lee 2021 client surveys
Strong results across fixed income, FX and rates and in inaugural ESG rankings.
11 December 2021
CBA welcomes support for first homebuyers
Commonwealth Bank welcomes the additional guarantee places that will be made available to first homebuyers over the coming weeks under the Governme...
9 December 2021
CommBank nudges Aussies to help accelerate economic recovery
Benefits finder injects $4.9m of additional spending and more than 120,000 new dining and entertainment transactions in one month to help revitalis...
9 December 2021
Australian household spending intentions return to pre-COVID levels for first time
CommBank's HSI Index for November has recorded sharp rises in transport and travel spending and increased retail activity, as consumers head into C...
7 December 2021
Aussies take advantage of Black Friday sales
Australians have hit the shops – either in person or online – over this Black Friday weekend, with retailers across the country enjoying a spike in...
30 November 2021
National financial wellbeing remains elevated during COVID
Australia’s financial wellbeing is higher than it was before restrictions and lockdowns were put in place, according to latest CBA and Melbourne In...
26 November 2021
Aussies set to spend big this Black Friday
If the spending trends of years gone by are anything to go by, Aussie retailers are expected to see significant growth in consumer spending this we...
25 November 2021
Sending money around the world becomes easier and cheaper
In a bid to help customers save millions of dollars each year, CBA will now absorb correspondent bank fees for international money transfers.
24 November 2021
Commonwealth Bank 1Q22 trading update
Commonwealth Bank of Australia has today released its trading update for the quarter ended 30 September 2021.
17 November 2021
Law firms put adaptability on display
CommBank’s latest research reveals law firms’ profits have far outpaced expectations, but some challenges are intensifying in a buoyant market.
15 November 2021
CommBank launches new Household Spending Intentions Index
Data-driven economic indicator shows post-lockdown surge in Australian consumption led by increased spending on travel, transport and entertainment.
9 November 2021
Supply constraints put brakes on motor vehicle spending intentions
CommBank’s new Household Spending Intentions Index has revealed motor vehicle spending intentions slipped in October after enjoying a strong year.
9 November 2021
Spending at Victorian pubs, bars and restaurants soar
Clothing retailers, bars and restaurants across Victoria have continued to see growth in customer spending as the state enjoys its second week out ...
3 November 2021
Australian spending climbs toward pre-lockdown levels
National spending is up 20 per cent from 2019 levels as all states and territories emerge from months of lockdowns.
2 November 2021
CBA launches inaugural sustainability conference, Financing Australia’s Transition
The virtual one-day event welcomed more than 1,300 registrants from the business, government and investor communities and focused on trends and dev...
28 October 2021
Post lockdown spending rebounds in NSW, Vic & ACT
CBA card spending data for the week ending Friday 22 October shows a continued rise in in-store purchases and services spending.
26 October 2021
CommSec State of the States: Tasmanian economy still No.1
New CommSec economic data indicates Tasmania is out-performing, while there is little to separate other state economies.
25 October 2021
Victoria gets back to business as spending surges in first weekend post-lockdown
New data from CBA merchants shows Victorian residents are spending big at hairdressers, barbers, beauty salons and formal wear rentals.
25 October 2021
NSW spending rebounds sharply as state exits lockdown
CBA card spending data to be published weekly to track pace & extent of COVID recovery.
19 October 2021
CBA opens up access to economic and sustainability reports
Commonwealth Bank of Australia (CBA) is making it easier to access economic and sustainability reports produced by the bank’s Global Economic & Mar...
16 September 2021
RBA takes a ‘bet each way’: CBA Economist
At the yesterday’s RBA meeting, the Board remained upbeat about the economic outlook while recognising the need for further support, according to C...
8 September 2021
Australian dollar depreciation remains likely following Jackson Hole meeting
CBA economists see labour force data and the spread of the COVID delta strain in the US determining a possible announcement of asset purchase taper...
30 August 2021
Spending intentions fall during lockdowns
Household Spending Intentions (HSI) data for July 2021 shows year on year declines in most spending categories for first time since the start of pa...
17 August 2021
COVID restrictions impacting economy: CBA economist
The lockdown in New South Wales will have a significant impact on the Australian economy, says CBA’s Head of Australian Economics.
3 August 2021
Small Business webinars to help customers navigate COVID and access support
CBA’s Business Bank Group Executive, Mike Vacy-Lyle, and Chief Economist, Stephen Halmarick, will connect with small business customers across the ...
28 July 2021
CommSec State of the States: Tasmanian economy out-performs
New CommSec economic data indicates TAS is out-performing, while QLD and WA show the strongest momentum due to internal migration.
26 July 2021
Spending intentions increase for education, fitness & health
Household Spending Intentions (HSI) for June 2021 shows falls in the home buying, retail, travel, entertainment & motor vehicle categories in compa...
20 July 2021
CBA partners with client trio to support Australia’s largest PET recycling plant
CBA’s institutional bank has structured a bespoke solution to finance the circular economy joint venture.
7 July 2021
CBA helps refinance Sydney Light Rail project with NSW’s first operational PPP Green Loan
CBA’s institutional bank has acted as green loan coordinator and mandated lead arranger for the almost $700 million transaction to support key NSW ...
7 July 2021
RBA rate hike likely in November 2022
CBA's economists believe the Reserve Bank will increase rates sooner rather than later.
23 June 2021
CBA’s fixed income research highly rated by investors in new industry poll
Commonwealth Bank of Australia's economic research and analysis has ranked very highly in a new industry poll by KangaNews.
16 June 2021
CBA extends support measures to Victorian customers affected by latest COVID-19 lockdown
Commonwealth Bank today unveiled an expanded package of financial support for its Victorian customers who have been affected by the latest COVID-19...
6 June 2021
Pandemic fuels positive interest in local brands
During the inaugural Australian Made Week, one Byron Bay business shares its business and community response to COVID.
28 May 2021
Fiscal policy supports strong recovery: CBA economists
Last night’s Federal Budget was defined by a number of fiscal measures that are designed to support a wide range of sectors and drive economic growth.
12 May 2021
CEO welcomes Budget measures designed to drive jobs, growth
Commonwealth Bank of Australia CEO Matt Comyn today backed measures in the Federal Budget which will provide targeted assistance to get more Austra...
12 May 2021
What to expect from the 2021/22 Australian Budget
A high level break down of what we can expect from next week’s Federal Budget.
7 May 2021
CommSec State of the States: Tasmania firmly on top as Western Australia jumps to third
The latest CommSec State of the States report shows a marked lift in the ranking of Western Australia in the latest quarterly economic report.
27 April 2021
March spending intentions surge amid Australia’s economic rebound
Stronger spending intentions on COVID-hit sectors reflect broad economic recovery and base effects, according to combined CBA and Google data for M...
20 April 2021
CBA helps Lendlease issue its second green bond in five months
Our institutional bank continues to meet increasing demand for sustainable finance.
15 April 2021
Spending in CBDs on the up
Spending in Central Business Districts across the country is up 22.4 per cent over the past six months, with Gen X and older millennials contributi...
14 April 2021
CBA backs SME recovery
New business loans now available with interest rates from 2.60 per cent
1 April 2021
Regional Australia bounces back as Aussies explore their own backyards
Regional Australia defies COVID-19 downturn with hospitality, tourism and retail spending showing significant year-on-year growth.
17 March 2021
Aussie companies to pay $26 billion in dividends
Almost 80 per cent of ASX 200 companies issued a dividend during the interim reporting season as Australia moves into a new phase for the economy a...
17 March 2021
Home buying intentions soar in February, while retail spending intentions show signs of cooling
Prospective spending on residential property neared a record, and spending plans for entertainment, education and health and fitness categories als...
16 March 2021
CBA welcomes new government support measures to help boost economic recovery
Commonwealth Bank of Australia has today welcomed the announcement of new federal government’s today of new financial support measures for industri...
11 March 2021
Australia’s housing market set for strong price gains
Residential property prices are set to rise 14 per cent across the nation’s eight capital cities over the next two years, forecasts CBA Head of Aus...
16 February 2021
State vs. State: Economic rankings tighten in CommSec State of the States
The latest CommSec State of the States report shows that there is little to separate Australia’s state and territories in terms of economic perform...
27 January 2021
Monetary policy and COVID set to steal focus in 2021
CommSec’s Chief Economist, Craig James, shares his expectations and predictions for the year ahead.
5 January 2021
A year like no other
CommSec’s chief economist, Craig James, shares his reflections on the year that was.
30 December 2020
CBA granted banking licence for Dutch subsidiary
Commonwealth Bank of Australia is a step closer to providing better access to European markets for its institutional clients post-Brexit.
7 December 2020
Spending intentions: A mixed bag in October
Combined CBA and Google data highlights how spending intentions were mixed across different sectors last month, according to CBA’s Chief Economist.
17 November 2020
Economic recovery stronger than first thought
Commonwealth Bank’s Head of Australian Economics, Gareth Aird, has indicated strong fiscal stimulus will help the Australian economy recover quickly.
13 November 2020
Card spending surges as restrictions ease and internal borders improve
Spending on services was the dominant driver in a 13 per cent year-on-year increase in overall spending last week, according to latest research fro...
10 November 2020
Investors shrug off US Election uncertainty
While a final decision regarding the next President of the United States may still be some time off, CommSec Senior Economist Ryan Felsman, looks a...
6 November 2020
US Presidential election result could cause Aussie dollar to rise
Commonwealth Bank’s Head of International Economics, Joseph Capurso, explains what impact the US Presidential Election result may have on the Austr...
6 November 2020
RBA cuts interest rates to deliver economic boost
Commonwealth Bank’s economists, Stephen Halmarick and Gareth Aird, explain what impact these measures will have on the national economy.
3 November 2020
Reserve Bank partners with CBA and others on Wholesale Central Bank Digital Currency research project
An industry blockchain project involving the RBA, CBA, NAB, Perpetual and ConsenSys Software.
2 November 2020
Melbourne Cup rate cut a firm favourite
A November rate cut by the Reserve Bank of Australia now looks all but certain, according to Commonwealth Bank Chief Economist Stephen Halmarick.
27 October 2020
Tas remains on top, ACT lifts and Vic slips: CommSec State of the States
The latest CommSec economic rankings reveal how the pandemic recession is hitting some states and territories harder than others.
26 October 2020
Uneven recovery continues in September
CBA’s Chief Economist Stephen Halmarick confirms spending intentions largely tracked sideways in September, while expecting future improvements.
20 October 2020
Local support essential for small business recovery
Commonwealth Bank is more than doubling the number of local business bankers in branches across the country, and improving lending services in-bran...
19 October 2020
CBA invests $100 million for Australian Business Growth Fund
Commonwealth Bank of Australia (CBA) has welcomed today’s announcement by the Federal Government to establish the Australian Business Growth Fund b...
16 October 2020
CBA ready for funding spike as SMEs look to future growth
With the second phase of the Federal Government’s SME Guarantee Scheme now underway, CBA is ready for credit demand to increase as businesses...
11 October 2020
A Tale of Two Pandemics: The Spanish Flu 1919-1920 - economic impacts and recovery
Exactly 100 years ago, another pandemic - the Spanish flu - brought the country to its knees. Despite the passing of time, economically and sociall...
7 October 2020
A Tale of Two Pandemics: Emerging from recession
Commonwealth Bank's Chief Economist, Stephen Halmarick, explains how Australia will emerge from its first recession in almost 30 years.
7 October 2020
RBA throws weight behind job creation to beat pandemic blues
Official Cash Rate remains on hold at 0.25 per cent prior to the handing down of the federal budget.
7 October 2020
Budget and low-cost funding to boost business investment
Small businesses have received a much needed confidence boost with the combination of the Federal Government’s 2020 Budget measures and extended Co...
7 October 2020
Budget to “dig deep” to support the economy
With the Federal Government set to hand down its 2020/21 Budget next week, Commonwealth Bank’s Head of Australian Economics, Gareth Aird, details w...
30 September 2020
CBA enables new cashless payment option for Adelaide commuters
CBA’s innovative payment technology supports the move away from using cash to pay..
20 September 2020
CBA sustainability-linked loan captures international interest
Australia’s first sustainability-linked loan tied to achieving better social outcomes is capturing international interest.
17 September 2020
Australia ranks 18th on ‘cheapest tech’ list
A firm Australian dollar underpinned by the high price of iron ore means Australia is no longer one of the cheapest countries in the world to buy a...
15 September 2020
Renewed restrictions hit business activity
Early data indicates business activity has gone backwards, according to initial results of the latest CBA Purchasing Managers’ Index.
21 August 2020
Tasmania leads the nation: CommSec State of the States
The latest CommSec economic rankings reveal how the state and territory economies have handled the early stages of the coronavirus pandemic.
27 July 2020
Statement regarding the Coronavirus SME Guarantee Scheme
Commonwealth Bank's Chief Executive Officer, Matt Comyn, speaks about the Government's Coronavirus SME Guarantee Scheme
20 July 2020
Growing optimism for Aussie farmers
Opportunity for agribusinesses to capitalise on positive outlook.
14 July 2020
CommBank accepting applications for next round of First Home Loan Deposit Scheme places
Australians can now apply for the next round of places with Commonwealth Bank under the Government's First Home Loan Deposit Scheme.
1 July 2020
Commonwealth Bank welcomes Government's HomeBuilder program
CommBank welcomes the announcement of the new HomeBuilder program which will help boost the economy, support home builders and renovators, and get ...
4 June 2020
CBA passes First Home Loan Deposit Scheme milestone
A thousand Australians have now purchased a property with Commonwealth Bank under the Australian Government's First Home Loan Deposit Scheme.
29 April 2020
Commonwealth Bank launches coronavirus support campaign
A large scale communication campaign to clearly address our customers’ most common questions and concerns.
26 March 2020
Commonwealth Bank reduces interest rates for home loan customers - March 2020
Commonwealth Bank has responded to the Reserve Bank of Australia’s (RBA) cash rate decision by reducing variable rates by 0.25% p.a.
3 March 2020
Australian economic outlook is positive: CBA Economist
COVID-19 had a significant impact on the Australian economy and financial markets in 2020, but the outlook for 2021 is, thankfully, more positive.
29 December 2019
