Australia's biggest bank has hiked term deposit rates for the second time this year, now offering rates level with those of ANZ at 4.35% p.a. for one year terms, while its top rate is now 4.40% p.a.

The RBA next meets on February 2 and 3. Both Commonwealth Bank and NAB predicting the cash rate will rise from 3.60 to 3.85 per cent. Commonwealth Bank economists are expecting next week’s December ...