Inflation slowing continues in July, interest rates likely to stay on hold

Consumer inflation slowed to a pace of 4.9 percent in August easing pressure for the Reserve Bank to raise interest rates again. The Bureau of Statistics says price rises for housing, food and non-alcoholic beverages were offset by falls for automotive fuel. Australian Banking Association chief executive Anna Bligh says financial institutions are doing their best to assist borrowers through cost of living distress. Featured: Anna Bligh, Australian Banking Association chief executive