Search results for Economy

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
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

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

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

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

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
Business

Institutional investors increase demand for 'green' finance

Two green bonds issued this week highlights the growing demand for sustainable finance, according to Commonwealth Bank.
23 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