{
  "id": 11333286,
  "title": "November interest rate rise a 'live' possibility, CBA chief says",
  "url": "https://urgent.news/2026/10/02/november-interest-rate-rise-a-live-possibility-cba-chief-says",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T01:36:24.000Z",
  "source": {
    "name": "ABC News AU",
    "slug": "abc-news-au",
    "url": "https://www.abc.net.au/news/2026-10-02/cba-boss-talks-interest-rates-and-november-hike-possibility/107220010"
  },
  "original_language": "en",
  "account": "Commonwealth Bank chief Matt Comyn believes the Reserve Bank of Australia (RBA) has completed its series of interest rate hikes for now, though the November board meeting remains uncertain. Comyn predicts a bounce-back in Australia's housing market once interest rates decrease and regulatory reforms improve the nation's productivity. The RBA's next inflation data release will take place at the end of October, and the bank's November meeting is considered \"live\". Comyn cites rising inflationary pressures from global factors like the Middle East conflict and fuel price hikes as reasons for the September interest rate increase. He emphasizes the impact of higher rates on customers, particularly those with mortgages, and notes a rise in financial assistance requests. Despite challenges, Comyn anticipates 13% growth in business lending and lower doubtful debts due to low unemployment. He also forecasts a revival in housing prices if interest rates decrease, contributing to an estimated 10% drop in current predictions. Comyn advocates for productivity growth in Australia, emphasizing the importance of housing, low-cost energy, skills, migration, and technological advancements, including AI. He calls for supply-side reforms to reduce regulatory layers and urges the federation to prioritize this goal. Comyn expresses concern over federal government deficits and urges caution, as increased fiscal deficits worldwide reduce degrees of freedom for future generations.",
  "summary": "While the bank believes the RBA is done it all hangs on the next lot of inflation data released late this month, Mr Comyn said, as he talked productivity, AI and housing with the ABC's Alan Kohler.",
  "key_points": [
    "Commonwealth Bank chief Matt Comyn predicts a November interest rate rise possibility.",
    "RBA's next inflation data release is at the end of October.",
    "Comyn anticipates 13% growth in business lending if interest rates decrease."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}