Matt Comyn

Chief executive, Commonwealth Bank

Appears in 1 story

Office: Chief executive officer

Born: Paddington

Education: University of Sydney, Harvard Business School, University of New South Wales

Last updated Nov 3, 2026

Stories

RBA raises cash rate to 18-year high, signals more hikes ahead

Rule Changes

Commonwealth Bank forecast a November hike to 4.85%; the RBA delivered it on November 3

The Reserve Bank of Australia raised its benchmark cash rate by a quarter point to 4.85% on November 3, the fifth increase this year and the highest level since 2008. The bank cited persistent inflation and rising energy costs linked to the Iran war.

Updated Nov 3