The Latest Breaking News from Interest Rates

Cazoo said its costs have been driven up by rising inflation and interest rates

The Commonwealth Bank, ANZ and NAB join Westpac in passing on the Reserve Bank's interest rate rise to mortgage borrowers in full.

The Reserve Bank increases interest rates by 50 basis points, taking the cash rate target to 0.85 per cent — well ahead of most economists' expectations.

The Reserve Bank has lifted the cash rate from 0.35 per cent to 0.85 per cent in a bid to curb rising inflation. It is the second hike in as many months.

Later today, everyone expects the Reserve Bank board will push up its cash interest rate for the second consecutive month.

The better-than-expected May employment report indicates that the Federal Reserve will continue to raise interest rates aggressively this year. Since the fears of an economic slowdown are expected to keep the stock market extremely volatile, it could be wise to bet on high-quality large-cap stocks McKesson (MCK), Novo Nordisk (NVO),…

Home owners have been making moves to fix their rate following the cash rate rise in May, however one financial advisor said it may be too late.

Business & Investing: Investors worried Fed likely to continue hiking interest rates again, JP Morgan CEO warns of an 'economic hurricane' and oil prices rise 50% in first six months of year

Turkey will continue cutting interest rates rather than hiking them in the face of high living costs, President Tayyip Erdogan said on Monday, playing down inflation of more than 70% as one of several problems for the economy. In a speech, Erdogan also redoubled his commitment to boosting production, exports…