The Latest Breaking News from Interest Rates

Home owners could see their monthly mortgage bills rise by hundreds of dollars in coming weeks after a second RBA rate hike in as many months.

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

Decision exceeded predictions from economists while Westpac was the first of the big banks to pass on the rise in full to customers

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.

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