Commonwealth Bank’s bumper year during inflation period | 7NEWS

7NEWS Australia published this video item, entitled “Commonwealth Bank’s bumper year during inflation period | 7NEWS” – below is their description.

The Commonwealth Bank boss is offering some hope for home borrowers. He says future Reserve Bank rate hikes might not be passed on in full. Banks realise customers are stretched and healthy lending is a factor in what has been a bumper year for CommBank.

7NEWS Australia YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - 7NEWS Australia

Seven News is the television news service of the Seven Network and, as of 2016, the highest-rating in Australia. The news service draws upon overseas channels for select international coverage. The network’s Director of News and Current Affairs is Craig McPherson.

Recent from 7NEWS Australia:

Cctv captures postie’s delivery fail 1

CCTV captures postie’s delivery fail

Hot air balloon makes emergency landing in Melbourne park

Princess Mary makes first appearance after shock abdication

In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

5 Recent Items: Inflation

Red Sea tension upsets Yemeni fishermen’s livelihood

Impact inflation, living costs have on birth rates and Canadians on parental leave

Davos 2024: Biggest Takeaways From the World Economic Forum

Fed rate cuts: Labor data will make ‘last mile less difficult’: Economist

Trump Back in White House? Lagarde Says ‘Let Me Have Some Coffee’

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.