Australian Central Bank Rate Cut Expectations Revised by Commonwealth Bank CEO

Sydney, March 4 - The CEO of Commonwealth Bank (CBA.AX), Matt Comyn, stated on Tuesday that Australia's monetary easing cycle is anticipated to be "slower and shallower" than previously expected. Speaking at the Australian Financial Review Business Summit in Sydney, Comyn suggested that further rate cuts by the Reserve Bank of Australia, which last month reduced the cash rate to 4.1%, are unlikely to occur until later in the year. He emphasized that future adjustments would depend on forthcoming economic data, noting that Australia is "clearly not out of the woods" regarding inflation.