The Latest Breaking News from Interest Rates

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

Borrowers will see increases to their mortgages and could see hikes to overdraft and credit card rates

Investors wary as other central banks follow US Federal Reserve in raising borrowing costs

Experts have warned that Britain may be sliding into a recession as inflation continues to soar and the Bank of England is forced to raise interest rates for the fifth time

Economists say while property prices could come down by up to 20%, affordability has ‘never been worse’

The selloff in the digital-asset space accelerated Thursday, with losses in US equities also snowballing, a day after the Federal Reserve raised interest rates by the most in decades.

The ASX slumps to an 18 month low after yesterday's rally on Wall Street vanishes in a sea of red, with investors taking flight as both the UK and Switzerland raise official interest rates.

The Bank of England has followed the US Federal Reserve in raising interest rates. Both economies are battling the highest level of inflation in years and hope that tighter monetary policy will curb spiralling price rises. Also in the show: Australia's new government commits to more ambitious emissions reduction targets,…

Financial analysts worry that the recent move into a ‘bear market’ foretells a coming recession

Today's interest rates increase is expected to add around £21 a month - £252 a year - to the average repayments for a borrower with a £150,000 mortgage who is on their lender’s standard variable rate

Rising interest rates will only make it harder to balance the budget in future years.