The Latest Breaking News from Interest Rates

The benchmark lending rate comes down from 5.25% to 5% bringing relief to millions of borrowers

The Bank of England has dropped the interest rate by 0.25%, as some of the main lenders rush to offer lower mortgage rates

Insights on the implications of the Federal Reserve's decision to maintain interest rates and potential rate cuts in response to economic concerns.

I'm not saying I don't like my job, but I think I'd quite fancy sitting on the Bank of England's Monetary Policy Committee (MPC) . Not for the money, of course – though a total compensation package of £163,700 per annum sounds decent. Nor even because I take an amateur's…

The Federal Reserve faces pressure for an immediate rate cut but must consider various economic factors before making a decision.

Inflation in the 20 countries that use the euro ticked up to 2.6% in July, stubbornly above the European Central Bank’s target and complicating the ECB’s next decision on whether to cut interest rates and boost growth as the economy struggles to stage a convincing recovery from more than a…

Global oil benchmarks Brent crude and West Texas Intermediate surged this Wednesday on the news that Hamas's political leader Ismail Haniyeh had been killed by a suspected Israeli strike in Iran. Fears over a regional escalation of the Israel-Hamas war are fuelling concerns over production and distribution of oil in…

Federal Reserve considers cutting interest rates to manage inflation and support the economy. Market expects rate cut with high probability. Powell to prov...

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance.