Search results for Economy

Business

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

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
Economy

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
State of the States

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
Marketing and sponsorship

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
Household spending

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
Commversation

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
Business

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
Business

CBA supports KKR’s investment in Ritchies Transport

Enhanced capabilities sees CommBank active in Australasian private equity transactions.
8 April 2022
Economy

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
Business

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
Economy

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
Economy

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
CommSec

“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
Business

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

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
Business

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
Economy

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
Business

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
Household spending

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
Business

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
Business

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
Next Chapter

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
Customers

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
Group performance

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
Economy

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
CommSec

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

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
Business

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
Household spending

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
Business

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
Sustainability

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
Business

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
Home loans

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 app

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
Household spending

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
Business

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
Community

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
Business

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
CommBank app

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
Group performance

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
Business

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
Household spending

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
Household spending

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
Small business

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
Economy

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
Sustainability

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
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

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
Business

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
Economy

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
Business

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
Economy

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
Economy

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
Economy

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
Business

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
Community

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
Business

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
Economy

RBA rate hike likely in November 2022

CBA's economists believe the Reserve Bank will increase rates sooner rather than later.
23 June 2021
Economy

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
Community

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
Customers

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
Government

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
Economy

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
Economy

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
Business

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
CommSec

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
Economy

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
Economy

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
CommSec

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
CommSec

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
Economy

A year like no other

CommSec’s chief economist, Craig James, shares his reflections on the year that was.
30 December 2020
Economy

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
Economy

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
Economy

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
Economy

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
Economy

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
Economy

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
Economy

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
Business

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
Business

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
Economy

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
Economy

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
Economy

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
Business

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
Customers

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
Coronavirus

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
Government

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
Economy

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
Economy

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
Business

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
Business

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
Business

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
Business

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
Business

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
Coronavirus

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
Agribusiness

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
Business

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
Customers

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
Coronavirus

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
Economy

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