Sydney, Jan 8, 2026, 16:50 AEDT — Market closed
Commonwealth Bank of Australia (ASX: CBA) closed up a fraction on Thursday, ending 0.03% higher at A$153.27 after swinging between A$152.45 and A$153.76. Turnover was about 1.0 million shares, after a 1.68% drop in the prior session. Investing
Why it matters now: CBA is a rates stock in a market that can’t settle on rates. A softer November inflation read cooled the immediate panic, but it did not kill the chance of another Reserve Bank of Australia move, and investors keep pushing the timing around. Reuters
On Thursday, RBA Deputy Governor Andrew Hauser said the inflation slowdown was “helpful” but broadly expected, and warned policymakers still see the level as too high. “Inflation above 3% — let’s be clear, it’s too high,” he said, according to an ABC interview. Reuters
The bank sector has already started repricing. On Wednesday, interest-rate swaps — derivatives that reflect where traders think the cash rate is heading — implied about a 35% chance of a quarter-point hike next month, and CBA slid 1.7% to a near four-week low as other big banks also fell. Greg Boland, a market strategy consultant at Moomoo Australia, said “odds of a hold or even modest hikes” now outweighed fresh cuts in the near term. The Economic Times
CBA trades on a rich multiple by local bank standards, leaving less room for surprises to go the right way. The stock’s 52-week range is A$140.21 to A$192.00, and it changes hands at about 25 times trailing earnings, Investing.com data show. Investing
With the market shut, the next company marker is already circled: CBA is due to report half-year results and announce an interim dividend on Feb. 11, with the interim dividend set to go ex-dividend on Feb. 18, the bank’s financial calendar shows. Investors will watch the net interest margin, bad-debt trends and any hints on mortgage competition. CommBank
But the bigger near-term risk for the whole bank tape is macro. The ABS will publish December and December-quarter CPI on Jan. 28 at 11:30 a.m. AEDT, and a hot print would likely lift hike odds again — bad news for valuations and sentiment, even if higher rates can help margins. Australian Bureau of Statistics
