The Latest Breaking News from Interest Rates

The decision was taken to help keep inflation under control.

UK’s blue-chip index has hit a new record high of 7906 points, helped by weak pound, and hopes that interest rates may be near their peak

The majority of central banks in the Gulf region raised the main interest rates on Thursday, following a decision by the US Federal Reserve to raise its key policy rate by 0.25%, in an effort to counter inflation. Qatar kept the interest rate unchanged, while the Saudi Central Bank (SAMA),…

As the base rate reaches 4%, we hear from people concerned about rising mortgage costs

Asian shares are trading mixed ahead of a closely watched U.S. jobs report that may affect global interest rates

It is another blow amid the worsening cost of living crisis

With car-buying costs on the rise, many consumers are left wondering how to fit a new set of wheels into their monthly budget.

Qantas boss Alan Joyce apologises for "routinely letting customers down" as Europe's two central banks hike their version of the cash rate, with the Reserve Bank of Australia expected to follow next week.

Hints by Bank of England that rates may have peaked leaves those remortgaging in a quandary

The Bank of England has now raised interest rates to 4 percent - the highest rate in 14 years

In a move in line with City forecasts, the Bank of England has raised interest rates by 50 basis points to 4 per cent, the highest level since October 2008.