CBA comments from earlier, following the release of in-house spending data, their survey of household spending intentions:
- strength in home-buying, health & fitness and transport
- falls in entertainment, travel and insurance
On their Reserve Bank of Australia outlook:
- "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."
