The Latest Breaking News from Interest Rates

National insurance cut risks Bank of England being more ‘hawkish’ in battle against inflation

Turkey’s central bank has delivered another huge interest rate hike as it tries to curb double-digit inflation that has left households struggling to afford food and other basic goods

Oil extended losses Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities struggled after two US reports dented recent euphoria over the future of interest rates.

Credit card debt statistics show that overall debt is rapidly increasing in the United States, rising by more than $45 billion in 2023.

OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38%

The average credit card interest rate as of May 2023 is 20.68%, according to the Federal Reserve. Learn how rates are calculated and how to get the best rates.

Rising interest rates have boosted profitability but are likely to limit demand and increase risk of bad debts, says central bank

Michele Bullock warns prices are ‘rising strongly for the majority of the goods and services we all consume’

The dollar index (DXY00 ) on Tuesday rose by +0.12%. The dollar on Tuesday recovered from a 2-1/2 month low and posted modest gains. The dollar found support from the Oct 31-Nov 1 FOMC meeting minutes, where policymakers saw interest rates remaining restrictive for “some time." The dollar on Tuesday...

Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.19%. Stocks on Monday rallied, with the S&P 500 posting...