The Reserve Bank of Australia (RBA) is currently an impasse. Will it continue to hike interest rates in lockstep with the US Federal Reserve? Or will it choose to take a divergent path? And what might the consequences (of either approach) be?
A reserved Matt Comyn fronted the market on Tuesday as CBA released its profit result for FY-22. The numbers presented shed some more light on the challenges that lie ahead for the banking sector.