CBA Predicts Up to 6 Rate Cuts to Battle Rising Jobless Rate
- CBA forecasting up to 6 interest rate cuts by mid-2023 to combat rising unemployment
- Cuts would begin in September, reducing cash rate by 0.75% in total by end of 2024
- Unemployment rate rose to 4.1% in January, heading for 4.5% without rate cuts
- Since April 2022, average mortgage repayments increased by $16,788
- Inflation dropped to 4.1% in December quarter, expected to fall to 2-3% target by Q2 2023
