The Latest Breaking News from Interest Rates

Food inflation soared to a record 11.6 per cent in October

The economy might be ailing and interest rates soaring, but the British love of live sport shows no sign of slowing down, says Matt Rogan

It fits the definition of madness to propose more austerity. But that, along with higher interest rates, is what’s coming, says Guardian economics editor Larry Elliott

The Fed is on track to raise interest rates by 75 basis points on Wednesday. While a hawkish Fed and the upcoming midterm elections could keep the market volatile, it could be wise to invest in quality stocks Coca-Cola (KO), Honda Motor (HMC), and Modine Manufacturing (MOD) at their current…

The gap between the official and black market price of dollars in Egypt has narrowed significantly since the central bank announced a flexible exchange rate policy. On Thursday, Cairo announced a $3 billion International Monetary Fund deal with a commitment to a “durably flexible exchange rate regime.” The central bank…

A supermarket boss has warned that food price rises will “get worse” as the Bank of England prepares to hike interest rates to tackle soaring inflation.

The Federal Reserve raised interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation. The big question is, what happens next.

A flurry of banks have passed on interest rate rises to borrowers after the Reserve Bank increased the cash rate by 0.25 percentage points on Tuesday.

Interest rates are today expected to jump 0.75% to 3% as the Bank of England steps up its fight against inflation.

The latest rate hike by the Reserve Bank of Australia means mortgage borrowers have been pushed to the limits — and beyond — of their "stress test" buffer.

Looming over the Federal Reserve meeting that ends Wednesday is a question of intense interest: Just how high will the Fed’s inflation-fighters raise interest rates — and might they slow their rate hikes as soon as next month