The Latest Breaking News from Interest Rates

Rates will be cut to 6.3% from September, having already been cut to 7.3% from 12% in June.

Local major banks plan to hold their interest rates steady if the Bank of Thailand raises the policy rate on Wednesday, as they want to mitigate its impact on borrowers amid a gradual economic recovery.

Up your credit score to gain access to the lowest interest rates for a mortgage and other loans.

About a fifth of those living in the most deprived areas said they were using credit more to deal with the rising cost of living.

Construction firm forecasts bumper 2023 as housing boom defies rising interest rates and cost of living crisis

Asian shares are mostly declining amid a global fall in technology shares, including Japan’s SoftBank, which just reported hefty losses caused by the market downturn

Hawkish shifts in the US Federal Reserve’s monetary policy have often led to heightened financial and economic stress in emerging economies. In the early 1990s, the Fed raised interest rates preemptively to curb inflation, precipitating the 1994 Mexican “tequila” crisis. In 2013, the Fed signalled its intention to tighten monetary…

The Federal Reserve’s aggressive policy tightening to tame the sky-high inflation has increased the borrowing costs for most businesses. Many analysts believe further aggressive rate hikes will push the economy into a recession. With the possibility of the Fed considering more extensive rate hikes based on solid economic data, Carvana…

Soaring costs and rising interest rates may give would-be homebuyers pause for thought, but industry experts say the key is not to panic.