The Latest Breaking News from Interest Rates

Bank raises UK interest rate to 5 per cent from 4.5 per cent

Economists agree that the Bank is likely to raise interest rates on Thursday, and that more hikes are on the horizon

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Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates

More than 30% of Americans would lean on a credit card to cover a financial emergency.

Fed Chair Powell today presented his semi-annual testimony before the House Financial Services Committee. Mr. Powell will appear Thursday before the Senate Banking Committee and repeat his prepared testimony, although he will answer different questions from panel members. Mr. Powell’s prepared statement today was in line with his comments last...

This morning’s UK inflation data can be described in just two words: truly horrible. With headline inflation stuck at 8.7 per cent and core underlying inflation rising from 6.8 per cent to 7.1 per cent, the Bank of England is facing a huge problem. Most thought the Bank’s key policy…

He is expected to tell lawmakers that there is still "a long way to go" to cool inflation.

Experts warned Scots face "a miserable summer" of high inflation and higher interest rates.