The Latest Breaking News on Rates probably on hold but all eyes on RBA governor

Core inflation, which excludes food and energy prices, fell to 6.2 per cent, shocking economists and likely putting an interest rate pause on the table when the Bank of England meets on Thursday

Inflation falling but not swiftly enough to prevent further interest rate rise making life tougher for mortgage holders

Inflation falling but not swiftly enough to prevent further interest rate rise making life tougher for mortgage holders

It will increase the pressure on the Bank of England to order another hike in UK rates

The European Central Bank is deciding whether to raise interest rates again or not, and analysts are saying it's a close call

Lower Energy Price Cap coming into effect this autumn but stubborn inflation means further interest rate hike likely to continue to place strain on mortgage holders

Inflation falling but not swiftly enough to prevent further interest rate rise making life tougher for mortgage holders

To counteract rising inflation, the Bank of England had increased interest rates over the past year until September and there will be a review this Thursday

If the UK economy soon slips into recession, we will likely gesture vaguely at summer – such as it was – for when the contraction began. GDP shrank by 0.5 per cent in July, the sharpest decline since December, with services, production and construction all shrinking.