The Latest Breaking News from Interest Rates

The RBA lifted the cash rate to 3.60 per cent.

The Reserve Bank is expected to raise interest rates again, turning up the heat on already stretched household finances.

The Reserve Bank is expected to hike interest rates again this week and turn up the heat on already stretched household finances.

Struggling home owners face more bad news this week as the Reserve Bank prepares yet another hike in interest rates.

UN leader Antonio Guterres on Saturday slammed the world's rich countries and energy giants for throttling poor nations with "predatory" interest rates and crippling fuel prices. Guterres told a summit of the most deprived states on the planet that wealthy nations should provide $500 billion a year to help others…

RECAP: Asian shares rose yesterday on prospects for a steady economic recovery in China, and after Wall Street reversed losses following remarks by a Fed official that signalled a measured approach to raising US interest rates.

Despite rising interest rates, the economy remains as robust as ever, with a five-decade low in unemployment rate and inflation far above the Fed's goals.

Financial companies usually benefit in a rising interest rate environment. With the Personal Consumption Expenditure (PCE) rising monthly and annually in January, the Fed is likely to keep raising interest rates until it achieves its 2% inflation target. Amid this backdrop, it could be wise to add financial stocks Visa…

Average credit card interest rates have increased. Here’s how to tell if you are getting a good APR.

Despite the Fed’s best efforts, inflation remains above the comfort zone. Minutes from the Fed’s meeting show that officials are keen on raising interest rates. This could keep the stock market under pressure this year. Therefore, it could be wise for investors to steer clear of Shopify (SHOP), Snap (SNAP),…

The man dubbed "Dr Doom", US-based economist Nouriel Roubini, is warning that the world faces a "perfect storm" of high inflation, rising interest rates and recession that will be "the worst of all worlds for workers".