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The four major banks in Australia have generally aligned their rate adjustments, with all moving in tandem after the Reserve Bank's decision. Some smaller banks have yet to follow suit, but market observers expect them to do so in the coming days.
Share Price Outlook
CBA’s share price peaked at $191 in June; as of last night, it closed at approximately $178. Market analysts suggest that given the bank's strong earnings report, there is potential for the share price to recover and possibly reach previous highs. As the largest company on the Australian stock market, CBA’s performance serves as an important indicator of the overall economic health.