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AAP
AAP
Derek Rose

Bank boss tips living costs to ease, defends big profit

Commonwealth Bank CEO Matt Comyn says the fundamentals of Australia's economy remain strong. (Dan Himbrechts/AAP PHOTOS)

The Australian economy remains strong and pressure on households will ease as inflation moderates, Commonwealth Bank chief Matt Comyn believes.

"The rising cost of living continues to impact many of our customers and while most remain well positioned, we also recognise that some of our customers are finding the current environment very tough," he told shareholders at the bank's annual general meeting in Sydney on Wednesday.

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