Rates are paused but don't relax just yet

So the Reserve Bank is taking an opportunity to get some more economic information - thank goodness says mortgage holders who are really starting to feel the results of 12 interest rate hikes since May 2022. The official cash rate remained ON HOLD for July but don't relax just yet. Find out why a rate hike is likely in August. We've got some shock housing figures, the latest on lending in Australia, an update on 'asking rents' and a great discussion on how childcare HELPS the economy - topical considering recent research by the Consumer Watchdog (ACCC) which confirmed childcare fees rose faster than inflation and wage growth during the past four years. Learn how childcare allows Australia to grab some labour hours - from working parents - back into the economy. ANZ Senior Economist Adelaide Timbrell and CommBank Economist Stephen Wu join Gillian to explain.

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