The Latest Breaking News from Interest Rates

THE BANK of England may be forced to shove up interest rates even quicker than it was planning following Rishi Sunak’s dramatic intervention in energy markets, the City warned today.

City economists are today revising UK forecasts after Rishi Sunak’s £15 billion of support to help households through the energy crisis.

Carlos Tavares, CEO of Jeep maker Stellantis NV, on Tuesday warned that a recession could be disastrous for the automotive industry as economic policymakers increase interest rates to curb inflation.

Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which has reached a four-decade high

Money Saving Expert urges homeowners to ‘lock in’ cheap rates before payments become too expenive

Lyft, Inc (NASDAQ:LYFT) looks to slow hiring, reducing some of its departments' budgets and granting new stock options to some employees to make up for its share price fall, the Wall Street Journal reports. Lyft joined rival Uber Technologies, Inc (NYSE:UBER) in outlining cuts as investor optimism cooled on tech stocks. Lyft looked to prioritize fewer…

The financial expert believes interest rates could go up even further

He believes interest rate rises could have some say to go while whether those who left the workforce due to the pandemic will return is a big question for the UK economy

Martin Lewis explained how homeowners who are coming off a cheap deal may find they cannot fix again at the same rate because the Bank of England has hiked interest rates