CBA on RBA Moves:
Strength in home-buying, health & fitness and transport
Falls in entertainment, travel and insurance
“The RBA interest rate hiking cycle has started and is now expected to be more aggressive than earlier anticipated,”
“We have already seen early indicators of softness in CBA credit & debit card spending data. We have revised higher our terminal cash rate forecast to 2.1% and downgraded our economic growth outlook and dwelling price forecasts.”