Commonwealth Bank (CBA) share price rises as RBA rate-hike bets build ahead of Feb 11 results
CBA shares closed up 0.47% at A$149.36 Friday amid rising bets on a Feb. 3 RBA rate hike after core inflation hit 3.4%. Swaps now price a 73% chance of a 25 basis-point move. CBA will report half-year results on Feb. 11, with margins and bad debts in focus. Most analysts rate the stock a sell, with an average target of A$121.84.