CBA’s Ian Narev signals the final split from RBA

A downward move in interest rates is “conceivable” without any change in official interest rates by the Reserve Bank of Australia the CEO of the Commonwealth Bank, Ian Narev, said yesterday.

In announcing the CBA’s $3.78 billion half-year profit, Narev said that he could “completely understand” why those struggling with mortgages would think the profit was “too much”.

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