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

A surprise surge in the UK’s inflation rate today heaped pressure on the Bank of England ahead of its interest rates decision tomorrow.

Increase confounds forecasts of a modest dip and adds to pressure on Bank of England to raise interest rates

The price of food, as well as alcohol and dining out in pubs and restaurants, was the main driver behind the surprise rise in inflation in February - here is what you need to know

US central bankers must decide whether to push on with monetary tightening, or pause rate hikes amid banking turmoil

While inflation remains high, traders are now uncertain if Bank of England and US Federal Reserve will hike rates – and how much

The Chancellor said the UK is in a better position than it was during the 2008 financial crash with a 'resilience that there wasn't back then'. But the chief of the OBR warned the system was 'under stress'

The Federal Reserve will likely hike its key interest rate, but this might be the last, amid tighter bank credit. S&P 500 futures were flat.

Deficit increases despite higher tax receipts and lower interest payments

What will the Federal Reserve and Bank of England do with benchmark interest rates in the wake of the banking crisis? Traditionally, controlling inflation has been the prime mandate of central banks.

Still grappling with persistently high inflation, the Federal Reserve faces an entirely new — and in some ways conflicting — challenge as it meets to consider interest rates this week: How to restore calm to a nervous banking system

Martin Lewis warned that if inflation does eventually come down, then it sadly won't likely lead to prices dropping too as he appeared at the Ideal Home Show last week