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

The move follows Wednesday’s inflation data which has raised bets on further Bank of England interest rate rises this year

First-time buyers and existing homeowners searching for mortgages were warned of a “kick in the teeth today” on fears that fixed rates are certain to rise over the coming weeks following a spike in gilt yields.

Some monthly mortgage repayments are expected to increase by around £200 a month this year.

Inflation has dropped by two per cent, heralding a long-waited change in the right direction, but Tom Francis, head of advice from Octopus Money, has warned that it is far from the beginning of the end

It is heavily caveated and higher than expectations in the City, but at last there is some relief for households: inflation has fallen. April’s CPI headline rate of 8.7 per cent represents the first sub-10 per cent figure for eight months, sparking hopes that the worst of the cost-of-living crisis…

Energy prices have fallen, and farming and manufacturing costs have eased, so why are food prices still accelerating?

Core inflation rose to its highest level in 30 years

Today's inflation figure is higher than predicted as many believed the inflation rate would drop as low as 8.2% - while it may sound like good news, experts have issued a warning

Polling expert Lord Robert Hayward said the Prime Minister wants to significantly bring down inflation before calling an election

Rolling, live coverage of business, economics and financial markets as consumer price index inflation reaches 8.7%, well above forecasts

Inflation drops below double digits for the first time since August 2022.