Oz Blog News Commentary

CBA goes it alone on macro-prudential

September 24, 2021 - 12:40 -- Admin

The CEO of the nation’s biggest bank, CBA’s Matt Comyn, gave evidence yesterday to the House of Representatives Economics Standing Committee warning that Australia’s house price boom is unsustainable and calling for ‘modest’ moves to cool the market. The CBA has also lifted its benchmark floor rate to 5.25% from 5.10%, thus setting a borrowers’

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