Picture of Commonwealth Bank of Australia logo

CBA — Commonwealth Bank of Australia News Story

0.000.00%
au flag iconLast trade - 00:00
FinancialsConservativeLarge CapMomentum Trap

CBA Chief Matt Comyn warns of slowing growth as inflation stays high

CBA Chief Matt Comyn warns of slowing growth as inflation stays high

- Commonwealth Bank of Australia CBA.AX CEO Matt Comyn said on Wednesday inflation remained too high and economic growth was slowing as higher interest rates worked to bring price growth back to target.

Speaking at the bank's annual general meeting, Comyn said Australia's economy remained resilient, although more frequent and volatile international shocks were likely.


(Reporting by Roshan Thomas in Bengaluru; Editing by Shilpi Majumdar)

((Roshan.Thomas@thomsonreuters.com;))

Recent news on Commonwealth Bank of Australia

See all news