CBA breaks 5% barrier with new two-year fixed rate

Tindall said: “The RBA has said at least one more cash rate cut is likely, however, exactly how many will come our way and in what timeframe is still very much up in the air. With the monthly CPI indicator going in the wrong direction, the economy picking up pace and unemployment sitting at a relatively low level, the urgency for another cash rate cut just isn’t there at this stage.”