After months of speculation about his future, the ABC understands the Reserve Bank governor Philip Lowe won't be re-appointed to the job.

Analysis from ABC's Peter Ryan.

There's been some long-awaited good news in the United States with more evidence that inflation is continuing its rapid fall.

But will signs that pace of inflation is slowing be enough for the US Federal Reserve to re-think the need for more interest rate hikes?

With at least one more interest rate rise anticipated, the boss of the nation's biggest bank says around two-thirds of Australians are now feeling some level of financial pain. Commonwealth Bank chief executive Matt Comyn warns households are only just beginning to feel the impact on households and that the next six months could be tough for struggling families.

FEATURED: Matt Comyn, Commonwealth Bank CEO; Peter Dutton, Opposition Leader

While there's elation from borrowers about yesterday's interest rates reprieve from the Reserve Bank, another hike is likely if inflation remains stubbon. RBA governor Philip Lowe says while inflation has passed it's peak, more action might be needed to get it back into the 2 to 3 percent target band. Deloitte Access Economics partner Stephen Smith says the economy is on a knife edge as recession fears persist.

Reporter: Peter Ryan, Senior business correspondent

Featured:

Stephen Smith, Deloitte Access Economics partner

As it happened. Surprise pause as Reserve Bank of Australia opts to leave cash rate steady at 4.1pc. But warns "further monetary tightening" might be needed to pull down inflation.

It's another stressful day for borrowers with the Reserve Bank board considered likely to raise interest rates for the 13th time since May last year. But it's looking like a line-ball call with analysts divided on whether another painful hike is justified given signs of falling inflation. Analysis from ABC's Peter Ryan.

FEATURED: Shane Oliver, chief economist, AMP Capital Investors

Mortgage stress rises as RBA weighs 13th hike says Aussie Home Loans by Peter Ryan

As the Reserve Bank considers the 13th interest rate rise since last May, there's growing evidence of mortgage stress with some borrowers worried they might default on their home loans. A survey by Aussie Home Loans says 29pc are struggling to make mortgage repayments. Chief operating officer Sebastian Watkins says aggressive rate rises are taking a toll on the mental health of highly-indebted Australians.

Reporter: Peter Ryan, senior business correspondent

Featured:

Sebastian Watkins, chief operating officer, Aussie Home Loans

Embattled consulting firm PwC Australia has sacked eight partners, including its former CEO Tom Seymour, over their direct involvement in or knowledge of the tax leak scandal which has engulfed the consulting firm. The airing of dirty laundry comes as the National Anti-Corruption Commissions starts business which speculation PwC could be an early investigation. Analysis from ABC's Peter Ryan.

Commodity boom fading, $19b budget surplus might be be repeated says economist Chris Richardson by Peter Ryan