Reserve Bank rates "pause" could be shortlived - hangs on key inflation, jobs data

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