November interest rate rise a 'live' possibility, CBA chief says

Matt Comyn says a November interest rate rise is still possible. ( John Gunn, ABC News. )

The CBA chief executive says he believes the RBA is done hiking interest rates but a lot will depend on the next round of quarterly inflation data.

Matt Comyn says house prices will bounce back once interest rates drop and reducing regulation will improve the nation's productivity.

The next round of inflation data is released at the end of October and the RBA meets on November 3.

The chief executive of Australia's largest bank, Matt Comyn, says CBA believes the Reserve Bank has finished hiking interest rates for now, but the board's November meeting is "live" and another rise remains a possibility.

Speaking with the ABC's Alan Kohler, the Commonwealth Bank chief executive said the next movement of the RBA would depend on the quarterly inflation data released at the end of the month.

"We believe that's the last [rate rise], but certainly I think the last meeting of this calendar year is live," he said.

"We see and feel … the impact of higher rates. We feel that customers obviously are feeling the increasing burden from higher rates.

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