The Latest Breaking News from Interest Rates

Banks ‘could weather £125bn hit in economic downturn’ despite rising interest rates

The Bank of England has warned that households across the U.K. are facing increasing problems from the sharp increase in interest rates but says the country’s biggest banks are resilient enough to offer more help than they were able to before the global financial crisis 15 years ago

Tens of thousands of Londoners are facing annual mortgage bill hikes of more than £12,000, the Bank of England warned on Wednesday.

Bank of England chief says there ‘will be consequences’ of higher interest rates, as all UK banks pass stress tests

Inflation and borrowing costs make it less likely PM will be able to tackle debt or cut tax

The Money Saving Expert tackled Jeremy Hunt on TV on Tuesday night

Lowe’s speech may be his last as Reserve Bank governor before treasurer Jim Chalmers announces whether his term will be renewed

'But all forecasts could be wrong - we don’t know'

The average 6.66 per cent rate is stinging in part because the Bank of England, with the backing of Rishi Sunak and Chancellor Jeremy Hunt, is hiking interest rates to curb inflation

International Monetary Fund backs Bank of England on whatever tough action needed to control inflation

Tesla's price cuts, increased production, and rising interest rates are all factors that cooled down the used car market. Now, there are plenty of solid deals.