The Latest Breaking News from Interest Rates

The US Federal Reserve has hiked interest rates by half a percentage point - double its usual rate - to tackle the country’s highest level of inflation in 40 years. Fed Chairman Jerome Powell said it was 'essential' to lower inflation and reduce hardship for American families. Thomas Costerg, Senior…

In the middle of the election, increased interest rates have caused a variety of reactions.

WASHINGTON — For the first time in 22 years, the Federal Reserve on Wednesday pushed up interest rates by a full half-percentage point — a significant escalation of its efforts to get control of troublingly high inflation.

The RBI’s increase in interest rates was long overdue

Largest increase in 22 years comes as inflation is highest in four decades

The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.

During inflation, consumers can adjust their spending and saving strategies to help lessen the impact that inflation has on the value of their money

Scott Morrison and Anthony Albanese are emphasising their economic credentials, against a backdrop of rising interest rates and cost of living pressures.

Be prepared to switch lenders, cut other spending, potentially fix your loan and, if all else fails, seek help

In March, interest rates went up from 0.5% to 0.75% - their highest level since March 2020 as the Bank of England sought to cool rising inflation. It's set to be followed by another rate rise on Thursday this week, and several more in the coming months

The Bank of England is set to raise interest rates again from 0.75% to 1%. This will have an affect on people's savings, mortgages and pension pots. Here's how you could be affected