CBA share price slips as ASX selloff bites; Commonwealth Bank results and rate changes ahead
The S&P/ASX 200 fell 2% Friday, its steepest drop in nearly a year, as Commonwealth Bank shares slipped 0.23% to A$158.91, breaking a five-day rally. CBA will raise variable mortgage and deposit rates by 0.25 points from Feb. 13, following the Reserve Bank’s rate hike. Investors await CBA’s half-year results on Feb. 11.