The Latest Breaking News from Interest Rates

Equity markets tumbled again Tuesday to extend a global rout fueled by fears of recession, with the Federal Reserve preparing to ramp up interest rates as inflation shows no sign of slowing. Panic has swept through trading floors since data on Friday showed US consumer prices rising at their fastest…

Benchmark ASX200 index closes 246 points lower, after falling 360 points in the first 15 minutes of trading on Tuesday

THE Bank of England is expected to hike interest rates for the fifth time in a row this week but experts warn that any hesitation could push the…

Thailand is expected to enter a cycle of policy rate hikes in the second half of this year in response to persistently high inflation, according to research houses.

The Reserve Bank's cash rate hike may be doom and gloom for mortgage borrowers, but Inge Meldgaard is hopeful that higher rates will boost earnings from her savings.

The interest rate has been reduced from an expected 12 per cent to a maximum of 7.3 per cent

Ministers intervene to stop interest rate in England and Wales reaching 12% with inflation by September

The move will not affect monthly repayments, which are based on income, but means borrowers will owe less than they would have done in the long term.

Americans are putting more on their credit cards and taking out fewer mortgages, as they need to increasingly borrow to cover the higher cost of everyday essentials and respond to rising interest rates.