Rate hikes unlikely after inflation slows, housing market splits, Rio’s bumper $9b profit

Thursday 1 August 2024

Interest rate hikes are off the table after inflation shows signs of slowing. 

And more, including:

• The housing market splits into two, with the smaller capital cities soaring as most of the rest of the country sags
• Rio Tinto kicks off reporting season with a bumper $9 billion half year profit
• And about 600 jobs are at risk following the collapse of Rex

Plus don’t miss the latest episode of How Do They Afford That? - debt repayment strategies, from the debt snowball to the debt avalanche. Get the episode fromAPPLE,SPOTIFY, or anywhere you listen to podcasts.

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