CEO of Australia's largest bank expects RBA rate cuts not coming until later in the year

  • Commonwealth Bank of Australia CEO speaking in Sydney

Commonwealth Bank of Australia (CBA) CEO Matt Comyn

  • Australia's easing cycle would be “slower and shallower” than what people had been expecting
  • further rate cuts would not arrive until later in the year
  • Australia “clearly not out of the woods” when it came to inflation
  • further rate cuts would “hinge on [economic] data points”.
rba dates 2025 30 October 2024 2

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Was speaking at the Australian Financial Review Business Summit in Sydney.

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