The Latest Breaking News from Interest Rates

When former Fed Chair Paul Volcker hiked interest rates to quash inflation in the early 80s, a recession and disinflation followed. Jefferies sees a similar fate for the economy this year.

Depending on factors including your down payment and whether you're carrying existing debt, we estimate you'd need to earn $210,000 to $290,000 annually to afford a $1 million house.

Central Bank chief hints that interest rates may peak at 4.5%

Andrew Bailey has been on an official visit to South Wales

The Money Saving Expert was on hand to helpfully discuss debt repayments and high interest rates with his viewers on his ITV programme, The Martin Lewis Money Show.

Allowing time for the impact to flow through would be sensible. Inflation is falling, it’s just not yet visible in official figures

Bank of England must proceed with caution as households are still cutting back and business confidence is weak

Silicon Valley thinks it sets the economy's direction, but it's at the mercy of interest rates and other forces.

President Recep Tayyip Erdogan is aiming to extend his 20-year rule in elections that will decide not just who leads Türkiye but how it is governed, where its economy is headed and what role it may play to ease conflict in Ukraine and the Middle East. The presidential and parliamentary…

Falling inflation is still unlikely to stop the Bank of England from hiking interest rates further in February

The pace of home building is easing as higher interest rates, labour shortages and material shortages weigh on the construction industry.