The Latest Breaking News from Interest Rates

Huw Pill, chief economist at the Bank of England, said we ‘cannot declare victory’ yet against inflation.

Housebuilder says cancellation rate has risen sharply because of interest rates and economic uncertainty

The Bank of England has increased UK interest rates by 0.75%, the biggest increase in 30 years. A year ago the interest rate was 0.1%, today it is 3%.

The Federal Reserve announced that it’s raising interest rates by 0.75 percentage point, following its November 1-2 meeting, bumping the federal funds rate to a target range of 3.75% to 4%. It’s the fourth straight time the Federal Reserve has raised rates 75 basis points, as the central bank rapidly…

You may have seen the news: in its attempts to tackle inflation, the Reserve Bank is going to increase unemployment. The idea can even seem to come right from the mouths of experts, including the bank’s governor, Adrian Orr. Speaking recently to an industry conference, he said:

HANOI; Vietnam's central bank is willing to provide liquidity to the local banking system, Governor Nguyen Thi Hong said on Sunday, as lenders face pressure from higher interest rates and tightening credit conditions.

Higher interest rates will plunge borrowers into debt as they seek to plug gap between income and outgoings, charities warn

The real reason for last week’s rate rise was to boost unemployment and keep a lid on wage demands. But the government could instead increase the supply of labour

Most Americans think the U.S. is in a recession right now.