What the CBA results tell us about the economy

Commonwealth Bank earnings are in – and in the billions – an increase from last year’s results that exceeds expectations for the banking behemoth. 

But what to make of the dip in mortgage applications that CBA and other banks are reporting?

And how are the banks, and the RBA, looking at persistently weak productivity in the Australian economy?

Steph Chalmers and ABC Business Correspondent David Taylor break it all down on ABC Business Daily.

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