The Latest Breaking News from Interest Rates

Following closely on the heels of the European Central Bank and the U.S. Federal Reserve Board, the Bank of Canada has raised its target interest rate by 50 basis points. This is its sixth interest rate hike this year.

ECB chief Christine Lagarde notes concerns but warns of further hikes to tackle soaring eurozone inflation

Egypt's pound slid about 14.5% to a record low against the dollar on Thursday as authorities announced a $3 billion International Monetary Fund deal with a commitment to a "durably flexible exchange rate regime". The central bank also raised interest rates by 200 basis points in an out-of-cycle meeting, saying…

The Tanaiste said that while the rise will not be welcomed by mortgage holders or borrowers, it will help bring down inflation and could bring down house prices

Following a meeting this afternoon in Frankfurt, it confirmed that interest rates would rise a further 0.75 per cent

The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates.

Q: I need to move for a better job, and I am having trouble selling my home for what it is worth. I am concerned about finding a new home, especially with the rising interest rates. Do you have any advice? – Anne

The move makes it even more likely that the Bank of England will follow suit next week

We’re rounding the corner on 2022 and quickly heading toward a new year. That makes this a perfect time to prognosticate real estate matters for 2023. With mortgage rates escalating higher, home sales — and, in some areas, home prices — hitting the brakes, and increased uncertainty felt throughout the…

FORT LAUDERDALE, Fla. — The average new mortgage payment for a home has almost doubled in South Florida over the past year as interest rates skyrocket.

Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1%