The Latest Breaking News from Interest Rates

Hike of 0.5 percentage points lifts rates to 14-year high, but BoE says shorter and shallower recession now more likely

The base rate has today been increased from 3.5% to 4% and remains at its highest level since 2008 - but what exactly does it mean for your money? We explain what you need to know

Changes to the interest rate will be announced later on today which will directly affect the economy

The Adani Group conglomerate has seen tens of billions of euros wiped off its market value since a short-seller's report accused it of pulling "the largest con in corporate history" last week. It has now cancelled a €2.2 billion ($2.5 billion) share sale meant to help reduce debt levels. Billionaire…

Borrowing costs have surged in the last year as the Bank of England set to announce latest rates rise

Central bank confirms further 0.5 per cent hike, bringing base rare to 4 per cent

The Bank of England is expected to raise interest rates by as much as half a percentage point

UK central bank predicts much shallower recession than feared, but says Brexit hit has arrived sooner than thought

Differing experts have urged the Monetary Policy Committee to both cut interest rates and to raise them

The Federal Reserve’s policy-setting committee lifted interest rates on Feb. 1, 2023, by a quarter of a percentage point to a range of 4.5% to 4.75%. The increase, the smallest since the Fed began an aggressive campaign of rate hikes in March 2022, came amid signs the fastest pace of…

Central bank confirms rise of 0.5%, bring base rate to 4%