The Latest Breaking News from Interest Rates

Reserve Bank Governor Philip Lowe has apologised to Australians for giving them unclear guidance that led to hundreds of thousands taking out big mortgages in the expectation that interest rates would stay low until 2024.

Greens senator Nick McKim accused the governor of "inducing many Australians to take out mortgages in the belief that interest rates wouldn't rise until 2024".

As interest rates continue to climb, consumers need to shop around and find the best deals

House prices may be falling as interest rates climb, but there’s no respite for tenants as property shortages bite

In new book The Price of Time, economist Edward Chancellor explores the role central banks have played in the snowballing challenges of the past quarter century

We believe 2023 will be a transitional year, the next stage following the "low-rates, low-growth" years of 2010-19 and the "Covid years" of 2020-22, where the pandemic led to a global lockdown, massive fiscal spending, skyrocketing debt and the great reflation.

Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economic risks are increasing as high inflation, rising interest rates and geopolitical unrest slow global activity.

Departure of more than 500,000 workers since Covid risks stoking inflation, says Huw Pill

Buying your first property is an exciting but expensive life event which is why it is crucial that you get the best first-time buyer mortgage to suit your needs

The US dollar has been advancing rapidly in response to the Federal Reserve’s resolve to keep raising policy rates for longer to regain control of stubbornly high inflation. This has far reaching consequences. The US dollar is prominently used around the world as an international medium of exchange and as…

With construction costs for new homes and interest rates soaring, vacant housing is drawing more attention as a shortcut to quickly getting more units on the market.