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

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”.

***

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

This article was written by Eamonn Sheridan at www.forexlive.com.