“We see one more rate hike – hopefully no more than that,” CEO Matt Comyn said.
Michele Bullock “is very well regarded across financial services”, he added.
This will mean Ms Bullock has an easier stint as governor than Philip Lowe did.
Commonwealth Bank chief executive Matt Comyn says incoming Reserve Bank governor Michele Bullock’s job will be easier than it was for Philip Lowe, given the cash rate is forecast to peak after one more interest rate increase.
“It is certainly going to be a very scrutinised role as governor – as governor Lowe has experienced – but I think, helpfully, we are at near the end of the hiking cycle,” Mr Comyn told ABC radio on Monday.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
