The Latest Breaking News from Interest Rates

Cost of living crisis and rising interest rates forcing more people to become ‘trapped in poverty’

Halfway through the year, hopes about AI and a sturdier-than-expected economy are leading to a big rally in stock markets — but a lot of uncertainty still lies ahead.

RECAP: Asian stocks inched higher yesterday as weak manufacturing data from China stoked expectations of fresh stimulus, even as strong US data bolstered the view that the Federal Reserve will keep interest rates higher for longer.

With inflation and mortgage rates painfully high, the government can no longer rely on votes from its blue wall, says Guardian columnist Jonathan Freedland

A group of Democratic senators is asking the Consumer Financial Protection Bureau to take action against medical credit cards such as CareCredit, saying the cards’ deferred interest features are confusing and often lead to consumers paying high interest rates after a promotional period has ended

There was a widening bipartisan sense that fiscal deficits don't really matter. Now, they do again.

Over the past year, interest rates have been rising rapidly around the world. The post-COVID economic recovery and Russia’s invasion of Ukraine caused inflation to reach 10% or more in many countries. Central banks in the US, UK and Europe have fought back by raising interest rates in an attempt…

First Direct said it had reviewed its interest rates ‘to ensure our customers receive a competitive return’.

Tory ministers have a long record of making rather callous statements about the economy, said Paul Waugh in The i Paper.

Asian stock markets are mixed after leaders of major central banks said they need to keep interest rates high to fight persistent inflation despite fears that might tip the global economy into recession

Andrew Bailey says financial markets expect more rate rises amid continuing high inflation