The Latest Breaking News from Interest Rates

Select band of economists back Liz Truss’s tax plan, but Rishi Sunak’s team say it could cost homeowners £6,600 a year

Mortgage interest rates are set to rise significantly over the coming months, and this will be brutal for many UK households. But talking up the coming crisis makes forecasters deeply unpopular—and actually the more it’s talked about, the worse it may get, argues Greg Marsh

Inflation and a cost of living crisis mean the new PM will have little time to produce a feelgood factor

The Cardiff University professor also said he advocates ‘thinning out’ workers’ rights

What are 25 basis points worth? What message does a quarter percentage point rise in short-term interest rates send to investors, companies and consumers?

The rise will be the highest in almost a decade for the government-backed banks 25 million customers

Latest snapshot of private sector activity reveals manufacturing and services struggling with rising costs

Fitch Ratings predicted that higher oil prices and interest rates will enhance the profitability of Saudi banks during 2022-2023. This comes at a time when the loan-to-deposit ratio of Saudi banks is at its highest level in 15 years. Fitch said that a 200bp increase in interest rates would boost…

The European Central Bank brought an end to the era of negative interest rates in the eurozone, with a bigger than expected half-point hike, intended to combat soaring inflation. ECB President Christine Lagarde has warned of a darkening economic outlook.