The Latest Breaking News from Interest Rates

Martin Lewis explained how credit card deals could worsen if the Bank of England hikes interest rates for the seventh time in-a-row - if you have debt already, there is a way to slash your interest rates to nothing

Asian shares have mostly declined as investors looked ahead to a widely expected interest rate hike by the U.S. Federal Reserve in its bid to squash the highest inflation in decades

So much for the idea that low interest rates meant the government could borrow endlessly with no consequences.

The world is facing the risk that major central banks will undertake competitive interest-rate hikes that may look desirable for their countries individually but could drag the world economy into an unnecessary recession.

The U.S. Federal Open Market Committee starts a two-day monetary policy meeting on Tuesday. Ahead of it, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk took to Twitter to comment on inflation and interest rates.

Inflation is a global problem. At the end of August, it was 8.3% in the US and 9.1% in the Euro area. It is 20.3% in Nigeria, 25% in Malawi, and over 30% in Ethiopia and Ghana.

And what makes it a “growth stock,” anyway?

Turkish President Tayyip Erdogan said inflation is not an "insurmountable economic threat," adding it will begin to fall at the end of the year after it surged to more than 80% in August. Under Erdogan's economic program, Türkiye gradually cut interest rates by 500 basis points at the end of…

Australian shares post solid gains after Wall Street recovers from its two-day losing streak as investors wait to see how aggressively the US Federal Reserve will lift interest rates this week.