Commonwealth Bank's message to the Australian economy explained
In the face of a slowing #economy, high #inflation and a gnawing uncertainty over what’s coming, the nation’s biggest bank has sent $1bn back to shareholders on top of a hefty dividend increase.
Here, Eric Johnston explains #CommonwealthBank chief executive Matt Comyn and his bank’s calculations of where the #economy is heading.
Spoiler: Despite looming financial heartburn, #CBA is telling us it believes broader disruption will be minimal and Australia’s soft landing likely short-lived.
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