Hello, it’s Harry here in Sydney. Here’s what you require to understand in Australia today.
Today’s must-reads:
• CBA sounds alerting on economy
• Australia’s battery dreams take a blow
• Super funds get ready for prolonged inflation
Commonwealth Bank CEO Matt Comyn cautioned on “downside risks” building in the Australian economy as increasing rates of interest have actually a lagged effect on home mortgage clients, when the bank reported full-year revenues today. Higher loaning expenses and a resilient housing market assisted the lending institution’s money revenue reach A$10.2 billion.