The Latest Breaking News from Interest Rates

Economists predict 0.5 per cent rise despite inflation peak and sharp recession

Around 4 million households are facing payment hikes due to increasing mortgage rates - Martin Lewis took to Good Morning Britain to explain how much it'll set homeowners back

The inflation rate dropped to 10.7 percent in November

Anticipated increase in interest rates will turn the screw on mortgage holders and businesses

Compulsory liquidations in November 2022 rocketed to more than five times as many as last year and were 7% higher than in November 2019, new figures released today show, as small and medium-sized businesses feel the pressure of rising prices, higher interest rates and dwindling consumer demand.

The Bank of England (BoE) has increased its base interest rate eight times since December last year and is expected to do so tomorrow, which will push up the price of borrowing even more

Jeremy Hunt says rising costs are still ‘number one enemy’

Inflation figures are released each month by the Office for National Statistics (ONS) to show how much the prices of everyday goods and services have increased over the last year

The Federal Reserve's aggressive campaign against high inflation dominated global financial markets this year. Starting this week, the action shifts to Europe, where inflation could prove stickier and harder to tame. That shift is likely to reverse some of the key market dynamics of 2022, most significantly a superstrong dollar.

The Federal Reserve is expected to raise interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, which would be the seventh increase this year. So far in 2022, the Fed has lifted its benchmark short-term rate, which influences most other borrowing…

It’s decision time for central banks on interest rates again. The US Federal Reserve and European Central Bank (ECB) are set to announce their latest decisions on Wednesday 14, while the Bank of England (BoE) will go a day later.