The Latest Breaking News from Interest Rates

After 10 consecutive rate increases, the Fed has decided to hold interest rates steady. Here's what it means for savings rates.

Current rates of nearly 6 per cent causing equivalent ‘stress’ to double-digit rates of 1980s, Andy Gregory writes

The government has ordered banks to protect people struggling to pay their mortgages as interest rates were predicted to rise as high as 6% by the end of the year.

Chancellor gives unstinting support to Bank of England as households brace for borrowing costs to rise again

HSBC will raise the price of its mortgages for the second time in less than a week as lenders expect interest rates to rise to 5.75% by the end of the year.

Instant Brands, which blames rising interest rates for financial problems, will continue to serve retailers

Inflation is finally falling. Although the year-over-year inflation rate is still over 4%, well above the Federal Reserve’s 2% target, much of that reflects especially large price increases from last summer. As those unusual months cycle out of the data, the rate will likely keep dropping.

UK economy has bounced back from March’s contraction, but experts fear rising interest rates will cause recession

The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation