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SYDNEY, AUSTRALIA -  Newswire Photos MARCH 14 2023 - A member of the public is seen buying produce and groceries in Sydney as the Cost of living continues to rise. Picture: NCA Newswire / Gaye Gerard.
Business

Experts make major rate call

Aussies are doing what the Reserve Bank of Australia is asking and cutting back on spending, but they might need to wait nine months for a reduction on their mortgage.

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Banking
SYDNEY, AUSTRALIA - NewsWire Photos December 11, 2020: Commonwealth Bank Signage at a branch in the Sydney CBD. Picture: NCA NewsWire / James Gourley

Major Aussie bank posts mammoth profit

One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.

Banking
SYDNEY, AUSTRALIA - NewsWire Photos December 11, 2020: Commonwealth Bank Signage at a branch in the Sydney CBD. Picture: NCA NewsWire / James Gourley

Major Aussie bank posts mammoth profit

One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.

Original URL: https://www.heraldsun.com.au/business/breaking-news/page/3