Commonwealth Bank makes rate call for May RBA meeting

News.com.au - 22/04
A May rate cut is a “done deal” for homeowners based on the latest forecast data coming out of the Commonwealth Bank.

A May rate cut is a “done deal” for homeowners based on the latest forecast data coming out of the Commonwealth Bank.

On Tuesday, the CBA released its latest forecasts which expects headline inflation fall to near the bottom of the Reserve Bank of Australia’s target range at 2.3 per cent.

CBA is forecasting the all important trimmed mean inflation rate, which the RBA uses to make its rate decisions, to increase by 0.6 per cent for the quarter to come in at 2.8 per cent for the year.

This would a...
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