The Latest Breaking News from Interest Rates

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.

The latest inflation data has all but guaranteed the Fed will hold interest rates steady for the time being.

A mood of listlessness grips the Commons as one by one Conservative MPs check out

Harriett Baldwin, chairwoman of the Treasury Select Committee, suggested banks should take the step if they are also raising mortgage rates.

The data comes as the Fed is likely to keep interest rates steady for the first time in 15 months.

UK interest rates expected to hit 5.5% by December after regular pay grows by a record, sending two-year bond yields soaring

Soaring cost of home loans is ‘very important’ issue says HSBC UK boss

Poll also shows support for government initiatives to regulate artificial intelligence