The Latest Breaking News from Interest Rates

Bank of England holds interest rates despite inflation hitting target. Political implications of stable economy and upcoming election.

Bank of England leaves interest rates unchanged despite inflation falling to its 2% target yesterday

Despite persistent fears around high interest rates, the economy continues to perform well thanks to strength in the labor market, steady consumer spending, and strong industrial production. Given bullish market trends, it could be wise to invest in fundamentally sound stocks Progressive Corporation (PGR), Energy Transfer (ET), and Williams Companies…

Hopes have been raised that lower levels of inflation will mean interest rates cuts and in turn lower mortgage costs

UK inflation slowed to 2 per cent in May, dropping to its lowest level since July 2021

These days every word of every statement from the Reserve Bank Governor Michele Bullock is pored over in minute detail – as is every word uttered at her press conference after each Reserve Bank board meeting.

The dollar index (DXY00 ) Tuesday fell slightly by -0.04%. The dollar Tuesday gave up overnight gains and turned lower as T-note yields fell on the weaker-than-expected US May retail sales report. Also, Tuesday’s rally in the S&P 500 to a new record high curbed liquidity demand for the dollar....

US retail sales saw a modest increase in May, impacted by high inflation and interest rates. Gas stations experienced a decline, while specialty stores sho...

The central bank’s latest statement has some wondering if another rate rise is on the cards – but Bullock says the situation is ‘complex’