Search results for Economy


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
Household spending

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
State of the States

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
Household spending

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

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

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

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
State of the States

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
Household spending

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
Corporate responsibility

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
Small business

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
Small business

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
Household spending

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
Household spending

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

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

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

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
Home loans

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
Home loans

Commonwealth Bank reduces interest rates for home loan customers

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