The Latest Breaking News from Interest Rates

Reserve Bank governor Philip Lowe has defended his COVID response, saying that pinning interest rates to the floor in 2020 was the “right policy choice”.

Rising interest rates are slamming the brakes on a global housing boom that spread far beyond the U.S. during the pandemic, heaping extra pressure on central banks as they try to tame inflation without triggering deep downturns in their economies.

A senior RBA official is confident households can withstand more rate rises but flagged concerns over high debt levels.

A combination of rising interest rates and picky buyers contributed to nearly 60,000 home-purchase agreements falling through in June. The total represents 14.9% of homes that went under contract that month and is the highest percentage of homebuyers bailing contracts on record, excluding March and April 2020 at the peak…

Investment properties are much more than the commonly associated rental homes with white picket fences. For more conventional investment properties, consider working with a property management company to oversee the property in an organized manner.

The demand for real estate has taken a hit amid rising interest rates and a faster-than-expected rise in mortgage rates. Higher home prices and the lack of listings have also affected the industry. Given this backdrop, fundamentally weak real estate stocks Redfin Corp. (RDFN), WeWork (WE), Alset EHome International (AEI),…

With the RBA and other central banks winding up cash rates, term deposit rates and even interest rates on savings accounts have started to rise. 

The Egyptian pound dropped to its lowest level in five and a half years, after falling 0.05% during Monday’s trade. Refinitiv data showed that the pound traded 18.91 to the dollar, down from 18.81 pounds on Sunday. The last time the currency reached that level was on January 24, 2017.…

Deputy reserve bank governor, Michele Bullock, says most Australians are ‘well placed’ to absorb the impact of rate rises

Seven in 10 U.S. consumers see an economic downturn ahead, assuming one hasn’t already started. But awareness doesn’t equal preparedness — two in three admit they aren’t ready for what they think is coming, according to a survey from MagnifyMoney, a personal finance website.

The Tourism Authority of Thailand (TAT) forecasts revenue of 1.2-2.38 trillion baht next year, according to its new 2023 strategy, but this is likely to be challenged by global inflation and rising interest rates, with spending already taking a hit.