The Latest Breaking News from Interest Rates

As mortgage costs continue to rise, we explain why rising interest rates affects almost every person - not just homeowners - after another week for the UK economy

Inflation may be slowing, but prices are still climbing much faster than Americans are used to. The Federal Reserve's dramatic steps to bring it to heel appear to be working - somewhat.

The Fed announced a 50-bps rate hike this week, stepping down from its 75-bps raises for four consecutive times. With cooling inflation and reduced interest rate hikes, the economy might succeed in avoiding a recession. However, as the market conditions are expected to remain uncertain with the Fed intending to…

The Bank has raised interest rates once again in a bid to meet its 2% inflation target, with figures this week showing that inflation is currently at 10.7%

It comes as inflation dipped slightly last month to 10.7 percent

Warnings that further interest rate rises are likely in the coming months to stabilise the economy

Latest Bank of England rise offers little hope to generation of homebuyers weaned on ultra-cheap mortgages

Thousands of London families were dealt a new cost of living blow on Thursday when the Bank of England ordered a 0.5 per cent rise in interest rates to a 14 year high of 3.5 per cent.

THE Bank of England has raised interest rates to their highest level for 14 years, putting further pressure on mortgage holders.