"Global growth trends are positive overall. Demand for Australia’s raw materials, and other goods and services, should remain strong. And employment-intensive sectors such as infrastructure, tourism and education should continue to grow and underpin GDP and employment growth.
However, market volatility remains a risk given ongoing global uncertainty as to the pace and extent of rate rises.
CBA will remain positive about Australia’s prospects, while being wary of these risks. And we will continue to focus on the long term so we can serve and innovate for our customers, provide stable returns for our shareholders, support our community, and remain strong into the future." - Ian Narev